The Internal Revenue Service released Thursday the updated 2018 withholding tables reflecting enactment of the new tax law, the Tax Cuts and Jobs Act. House Ways and Means Chairman Kevin Brady, R-Texas, and Treasury Secretary Steve Mnuchin stated that nine out of 10...
Credit Union Industry News & Updates
The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.
WHAT’S GOING ON AT CREDIT UNIONS?
CUNA, NAFCU Support Bill to Exclude Many Financial Institutions From CFPB Rules
The House Financial Services Committee, on Jan. 17, will consider legislation that would exempt financial institutions with less than $50 billion in consolidated assets from CFPB rulemaking. CUNA and NAFCU have endorsed the bill. The legislation, H.R. 1264, also would...
Raddon 2018 Forecast: Mobile Banking Up, Concerns Grow in Other Areas
Mobile banking will surpass 60% of households; and branch use will contract slightly, but remain steady among consumers. Those are two 2018 forecasts from Lombard, Ill.-based Raddon, a Fiserv company. Research and analytics firm Raddon in its economic and industry...
Tests Find Bias Persists in Auto Lending
A set of eight tests at auto dealers in Virginia found that just over half the time white buyers were offered better financing than non-whites even though the white buyers had worse credit scores, a consumer group reported Thursday. The National Fair Housing Alliance...
DHS Directive Increases Federal Email Authentication Policy Adoption
San Mateo, Calif.-based cybersecurity firm Agari’s research revealed federal domain adoption of DMARC, an email authentication, policy, and reporting protocol, increased 13 points in 30 days, ahead of the DHS deadline. The study, “U.S. Federal Government...
In-Home Voice Tech Beginning to Silence Mobile Use
Mobile use is beginning to suffer at the virtual hands of in-home digital voice assistants, a new study reports. According to professional services company Accenture, which surveyed 21,000 consumers in 19 countries between last October and November, 66% of people who...