As the House begins debate on its tax reform bill, members will be prohibited from offering any amendments—including changes to the credit union tax exemption. Voting 235 to 191, the House approved the rule for debate on the bill Wednesday afternoon, with a vote...

The fashion retailer Forever 21 confirmed a breach involving unauthorized access to data from payment cards used at an undisclosed number of its stores due malfunctioning encryptions on POS devices. The Los Angeles-based company said the probe focused on transactions...

At least 16 credit union leagues are now suing Equifax over the credit bureau’s massive data breach. Some of the newest include the Indiana Credit Union League on November 10, the Credit Union Association of the Dakotas on November 9, and the Association of...

There’s a growing rift in car debt: Delinquent subprime loans are nearing crisis levels at auto finance companies, while loan performance at banks and credit unions continues to improve, data from the Federal Reserve Bank of New York show. Almost 9.7% of...

A Washington state District Court judge has rejected retailer Eddie Bauer’s request to throw out a class-action suit brought by Veridian Credit Union in the wake of the company’s 2016 data breach. Though the judge did grant some parts of Eddie...

Despite the negatives overshadowing payday lending, often seen as predatory, primarily because of high interest rates that hover around 400%, one survey paints a different picture of payday borrowers. “It is thought that the nature of the payday loan market...