The MD|DC Credit Union Association just received interpretive guidance from the Office of Legal Counsel clarifying Gov. Hogan's executive order issued April 29 prohibiting financial institutions from garnishing stimulus payments issued by the federal CARES Act, except for child support.
A $10,000 donation from Point Breeze Credit Union will be used by SARC (The Sexual Assault/Spouse Abuse Resource Center) to provide needed services to victims and survivors of domestic violence, sexual violence, child abuse and stalking throughout Harford County.
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.