Fourteen credit unions and organizations that work with credit unions received $1.5 million each from the latest round of awards from the U.S. Treasury's Community Development Financial Institutions Fund. Their totals were part of more $28 million that went to 27 credit unions and supporting organizations.
Foourteen credit unions and supporting organizations awarded $1.5 million each from Treasury program.
Deputy secretary says new CFPB will allow other regulators to focus on core missions, expand consumer choice and be accountable to Congress.
Starting this year, at least some underbanked or unbanked tax payers will be able to receive their tax refunds on prepaid Visa branded debit cards.
Taking another step toward the elimination of checks, the Treasury Department today announced it is making tax refunds available via debit cards for individuals who don't have bank or credit union accounts.