Maryland Governor Larry Hogan issued an executive order (20-04-3-03) prohibiting all financial institutions in Maryland from garnishing financial assistance provided through the federal CARES Act, except as related to child support.
Democracy Federal Credit Union has launched an initiative to support their communities as part of their COVID-19 Community Give Back Program. Donations from the program will help local communities receive support to help them combat the global crisis.
One hundred four volunteer judges scored over 3,000 application assignments covering three separate categories to arrive at the twelve scholarship winners in the 2020 Credit Union College Scholarship competition sponsored by the Credit Union Foundation MD|DC. Each winner will be awarded $1,000 to foster their educational goals.
The Consumer Financial Protection Bureau (Bureau) took steps to make it easier for consumers with urgent financial needs to obtain access to mortgage credit more quickly in the middle of the COVID-19 pandemic.
In a letter, the NCUA says examiners will be contacting credit unions between May 4 and 18 as follow up to their initial outreach.
Mfume defeated Republican contender Kimberly Klacik and will finish the term of the late Elijah Cummings who held the seat since 1996 until his death in October.
Homeowners granted deferred payments because of unemployment linked to COVID-19 would no longer face balloon payments after the forbearance period expires under the proposed Save Our Homes Act.
Voting is now open for the public to help decide who will be the 2020 Miriam Rivera Lieb Emerging Leader.
The Montgomery County Council introduced a special appropriation of $250,000 to provide grants to businesses and non-profit organizations that implemented a teleworking program and purchased teleworking equipment and software since the beginning of the health crisis in March.