You can regulate the money out of the business, but you can’t regulate the personal responsibility out of the consumer. No matter what Washington does to keep credit unions and other lenders from taking advantage of the less well-educated, the desperate and the elderly, ultimately consumers have to take responsibility...
Consumer advocate's push against credit union short-term lenders hurting those they think they're protecting.
Most consumers want important transactions paid by their financial institution even if those transactions result in an overdraft, survey shows.
If you’re going to overdraw your checking account by $100 or less, your most cost-effective bet is to borrow money from a payday lender, not to use an overdraft service or let your check bounce.
LAS VEGAS -- Just like bass fishing, where it's said 10% of the fishermen catch 90% of the fish, typically only relatively few of a bank's customers or a credit union's members are truly profitable.
MeridianLink has released a new version of its loan origination, online account opening and deposit platform that the company said includes the ability to comply with a number of new federal rules.
Fiserv Inc. and Xtend Inc. have joined the list of vendors offering credit unions help in meeting the federal Regulation E opt-in deadline of July 1.
One thing certain about the Regulation E overdraft requirements passed last November is that they go into effect for new accounts July 1 and existing accounts Aug. 15.
A forthcoming report from the Filene Research Institute, Overdraft Regulation: A Silver Lining to the Clouds?, takes a look at overdraft fee income among credit unions and the potential impact of Regulation E.