Senator Suggests Removal of Medical Debt in Credit Reports Could Have ‘Unintended Consequences’ 03/30/2022 07:38 pm WASHINGTON–Although the decision was hailed by consumer groups, one senator believes there may be “unintended consequences” from a recent decision by the three major credit bureaus to block certain types of medical debt from being included on consumers’ credit reports.
That ‘Free, Free, Free’ TurboTax Tax Filing Software ‘Isn’t, Isn’t, Isn’t,’ Says FTC 03/30/2022 07:36 pm WASHINGTON–The Federal Trade Commission has taken action against Intuit Inc., the maker of the popular TurboTax tax filing software, by issuing an administrative complaint against the company for deceiving consumers with bogus advertisements pitching “free” tax filing that the FTC said millions of consumers could not use.
CUNA Urges ‘Proportionality’ Be Included in G20 Leaders’ Declaration 03/30/2022 07:38 pm WASHINGTON—The concept of “proportionality” can help increase financial access, and should be addressed in the G20 Leaders’ Declaration, CUNA President/CEO Jim Nussle wrote to Treasury Secretary Janet Yellen.
The Summit FCU Selects Credit Union Student Choice to Provide Student Loans 03/30/2022 07:35 pm ROCHESTER, N.Y.–The Summit FCU has selected Credit Union Student Choice to help it provide its members education lending solutions for both private student loans and student loan refinance.
Co-op Solutions ‘Significantly’ Adds to ATM Network Locations in Maine 03/30/2022 07:36 pm RANCHO CUCAMONGA, Calif. – Co-op Solutions said it is “significantly” adding to the number of surcharge-free Co-op ATM network locations in Maine.
FDIC Seeking Input on Draft Principles Related to Climate Change 03/30/2022 07:37 pm WASHINGTON— The Federal Deposit Insurance Corporation said it is now requesting public comment on draft principles that would provide a “high-level framework for the safe and sound management of exposures to climate-related financial risks.”
CUES Intro’s Updated Website With New Features, Enhanced User Experience 03/30/2022 07:36 pm MADISON, Wis.— CUES said it has rolled out an updated cues.org with features designed to enhance the user experience for its membership base.
Treasury Secretary Sees ‘Significant’ Role of Cryptocurrency, But Still Not in Payments 03/30/2022 07:34 pm WASHINGTON—Cryptocurrencies are now playing a significant role in America’s financial decision making, according to Treasury Secretary Janet Yellen, but it still doesn’t have much to do with payments.
House Passes Bill Changing Retirement Savings Rules; NAFCU Raises Concerns Around Overdraft Proposals 03/30/2022 08:44 pm WASHINGTON–In Washington, the House of Representatives has passed a bill that seeks to improve the retirement savings system for U.S. workers, while separately, NAFCU has raised concerns around overdraft proposals.
