The CFPB’s regulation of payday lenders always has provoked heated arguments on both sides of the issue and the agency’s Tuesday announcement that it may reconsider its rule restricting lenders again fanned those flames. “Republicans are once again...
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?
Workers Want More Help in Finance Than Employers Think They Should Provide
Two studies from Alight Solutions indicate that there’s a disconnect between how much financial help workers think they should be getting from their employers and how much help those employers think they should give. According to the 2017...
U.S. Biometric Payment Card Market Trial, Secure Tech Alliance Agenda Announced
Swedish-based Precise Biometrics’ algorithm solution for fingerprint recognition is part of the first market trial of dual interface biometric payment cards with $7 million West Jordan, Utah-based Mountain America Credit Union. The payment card trial, carried...
Former CU Employee Suspected of Embezzlement, Robbing CU & Three Banks
A former employee of the $2.9 billion Travis Credit Union, and embezzlement suspect, is also an FBI suspect for robbing a credit union and three other banks about a month after he quit his job at the Vacaville-Calif.-based TCU. The FBI arrested Corey Johnson, 31, of...
What Benefits Matter Most to Gen Xers?
Once called the “slacker generation,” Generation X adults born between 1965 and 1979 are now active, happy and achieving a work–life balance, according to Purchasing Power’s “Guide to Generation X- Working with Them and...
IRS Releases Tax Withholding Tables for 2018
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...