If there’s one lesson that credit union (CU) members took away from the 35-day government shutdown earlier this year, it’s that cooperative institutions have their members’ backs. During that time of considerable financial uncertainty, CUs stepped forward to help affected federal workers who were either...
While business with its corporate clients slowed down at the start of the year, Citigroup said it is preparing for its corporate banking operations to pick up as the year moves forward. Reports in the Financial Times this week said the U.S. government shutdown was...
During the 35-day U.S. government shutdown, federal credit unions had thousands of members without paychecks, with no end in sight. Ricardo Chamorro, EVP at D.C. area-based PenFed Credit Union, tells PYMNTS that keeping its affected members afloat meant applying lessons learned from weathering more than...
From cannabis legalization to the federal shutdown, government actions are reshaping financial circumstances for consumers and businesses alike. In the March “Credit Union Tracker™,” PYMNTS explores how credit unions (CUs) and credit union service organizations (CUSOs) are working to cater to the unique financial needs of their...
January 18, 2019
There is no shortage of headlines about the partial government shutdown that is now on its 27th day, and no shortage of articles speculating how long it will go on, what will be affected and (most often) what it will take to finally bring it to an end. There is, yet, one simple takeaway from all of […]
October 17, 2023
The possibility of a U.S. government shutdown has prompted companies to take action and expedite their plans to go public. In an effort to avoid potential disruptions caused by a government shutdown, companies like Waystar Holding and Hamilton Insurance Group have submitted filings for their initial public offerings (IPOs) this week, according to a Tuesday (Oct. 17) Bloomberg report. Amid […]
January 29, 2019
A new report says that the government shutdown has cost the country about $11 billion in gross domestic product — and will impact the United States’ economic growth for the...
January 24, 2019
The U.S. Commerce Secretary Wilbur Ross told CNBC in an interview on Thursday (Jan. 24) that furloughed federal employees should take out loans to pay their bills while the government...
January 23, 2019
With the partial shutdown in the Federal government now in its 33rd day, furloughed workers are freelancing with Uber, the ride-hailing company, to shore up cash. During an interview with CNBC...
