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NY Fed: Credit Applications, Acceptances Plunge During Pandemic

PYMNTS

A new survey has revealed the steep plummet the consumer credit market took as the pandemic began, the Federal Reserve Bank of New York reported. 21) from its latest Survey of Consumer Expectations (SCE) Credit Access Survey , which showed most credit applications and acceptance rates falling sharply after February this year.

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PenFed’s Playbook On Helping Government Workers Survive Shutdowns

PYMNTS

From cannabis legalization to the federal shutdown, government actions are reshaping financial circumstances for consumers and businesses alike. Securing personal data is top of mind for consumers, too, with 1.1 In fact, a secure banking experience is often the deciding factor for consumers when it comes to selecting an FI.

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For Credit Unions, Doing The Right Thing Is Also Doing The Smart Thing

PYMNTS

For the last two weeks — and for much of the foreseeable future — it is the questions that consumers, businesses, banks, public health officials and legislators are asking themselves as an utterly unprecedented situation is unfolding around them amid the coronavirus pandemic. How do you plan for something that has never happened before?