SAVANNAH, Ga.–The gender wage gap very much remains a “persistent problem,” according to one expert, who offered credit unions here some deeper insights into the issue as well as some ideas for helping to close that gap.
Fresh Today
WASHINGTON—The Federal Trade Commission has ruled that Intuit Inc., the maker of the TurboTax tax filing software, “engaged in deceptive advertising in violation of Section 5 of the FTC Act” and deceived consumers when it ran ads for “free” tax products and services for which many consumers were ineligible.
ROME, N.Y.– AmeriCU Credit Union said its interactive teller machines (ITMs) are now cardless.
WASHINGTON— The Consumer Financial Protection Bureau (CFPB) has taken action against Tempoe, LLC for “tricking consumers into expensive leasing agreements” by concealing the contract terms and costs, and failing to provide legally required disclosures.
PANAMA CITY, Fla.– Innovations Financial Credit Union has launched an internal competition among employees called “SPARK TANK Challenge” that it said is designed to propel process improvements within the credit union.
MADISON, Wis.—Credit unions are gaining market share as other lenders tighten lending standards, pushing the movement’s share of consumer credit to 13.2% in June 2023, up from 12.8% in June 2022, TruStage reported.
MOBILE, Ala.–In its newest installment, CUToday.info’s industry-leading and ongoing updates on mergers in credit unions finds one merging CU with double the net income of the acquiring CU, two CUs representing $105 million in total assets merging into the same CU (and using the same language in their messages to members), and one CU with approximately $4,400 in capital per member saying there will be no net worth distribution as part of its planned merger.
NEW YORK–A hopeful sign for some that home prices were starting to decline has been dashed, at least for now. After declining on a year-over-year basis for five consecutive months—the longest run of declines in 11 years—U.S. home prices rose in July.
HUDSON VALLEY, N.Y.–A credit union branch manager who has been called “evil” by her own family has been placed on administrative leave after being implicated in a murder-for-hire plot.
WASHINGTON–With numerous delegations from across credit unions hiking the Hill in Washington this week, the Independent Community Bankers Association of America (ICBA) has distributed a list of questions it wants members of Congress to ask their CU visitors.