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Another credit union buys a bank as industry groups sharpen criticism

American Banker

Gesa Credit Union in Washington agreed to acquire a 103-year-old community bank in Centralia, as it eyes opportunities for additional growth in the Pacific Northwest. In the District of Columbia, a bank group is calling for exit fees on banks selling to tax-exempt credit unions.

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CFPB issues report on state community reinvestment laws

CFPB Monitor

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Trump Weighs In On Cordray At Community Bank Meeting

PYMNTS

In the continuing faceoff between the Trump administration and the Consumer Financial Protection Bureau (CFPB), the American Banker stated that President Donald Trump “deeply impressed” a group of community bankers at a Thursday meeting. A court filing with the U.S.

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More PPP Funds Would Help CDFIs Lend Money To Micro Businesses

PYMNTS

Community Development Financial Institutions (CDFIs) are hoping more Paycheck Protection Program (PPP) funding is passed by Congress soon so that smaller businesses left behind can stay afloat during the coronavirus pandemic, according to a Tuesday (April 14) report in the Wall Street Journal.

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Walgreens Teams With Postmates For Expanded Delivery

PYMNTS

Community health and safety is paramount at Postmates, so we’re working to support our merchant partners, like Walgreens, and get essential items into the hands of our customers,” said Craig Whitmer, vice president, merchant business development, Postmates. With Postmates Unlimited for $9.99 Virgin Islands.

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Michigan’s November 2022 Ballot to Include Fair Lending Proposal Capping Payday Loan Interest Rates

CFPB Monitor

The group cited numerous concerns as to why the payday loan interest rate cap was necessary, including evidence that the current rate terms trap vulnerable state citizens in a cycle of debt, make it difficult to secure housing, and disproportionately impact rural communities and communities of color.

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Fiserv Enables SNAP Online EBT Payment Acceptance For Grocers

PYMNTS

Eight additional states, Idaho, Minnesota, Missouri, Nevada, North Carolina, Texas, West Virginia, Vermont and the District of Columbia, are slated to be added in June. ShopRite, a Wakefern Food Corp. brand, is accepting online EBT payment at select locations.

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