AUSTIN, Texas–Although payday lending was largely outlawed in Texas in 2005, a loophole has allowed “credit services organizations” to continue to operate, and a new survey is offering some insights into the Texans who are utilizing such services.
Fresh Today
NEW YORK—Users of a new prepaid card can now get rewards when they swipe their plastic.
CHICAGO–On the first day it was formally announced, five more credit unions signed up with the CUToday for a Better Tomorrow initiative—a CUToday.info-backed effort that simply asks credit unions to help one extra member per month in October, November and December.
BOSTON—A U.S. District Court here has ruled that the $5.8-billion American Airlines FCU, based in Fort Worth, Texas, violated Massachusetts state and federal law when it took money out of members’ deposit accounts to pay separate credit card debt.
BISMARCK, N.D.—The Credit Union Association of the Dakotas (CUAD) has named Jeff Olson as its new president/CEO.
WESTLAKE VILLAGE, Calif.—Move over Amex; Discover is now the highest-rated credit card issuer for customer satisfaction, according to a new study.
MADISON, Wis. – Entries are being accepted through Sept. 18 for the Excellence in Lending Awards, which recognize outstanding lending results and practices by credit unions.
KAMIAH, Idaho—Kamiah Community Credit Union here is offering to double any cash contributions made to a relief fund for the victims of wildfires in the area.
DENVER—Credit unions were given four key points to consider when making decisions about cybersecurity during the opening day of the NASCUS/CUNA Cybersecurity Summit here.
MADISON, Wis.–The National Credit Union Foundation has approved 16 new Biz Kid$ financial education grants for 2015, totaling $78,000.