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WASHINGTON -- The three former payday lending employees have largely backed up some of the most explosive criticisms that opponents of the controversial lending business have made: that payday lenders target members of minority groups and manipulate borrowers into long term indebtedness.

WASHINGTON, DC -- Three employees of a payday lender operating in Washington DC renounced the participation in the payday loan industry and apologized to the community during a dramatic August 12 press conference, according to press reports.

Kinecta Federal Credit Union is now using bill pay and other online services from Online Resources Corp. atop its Episys core processing system.

Kinecta Federal Credit Union is now using bill pay and other online services from Online Resources Corp. atop its Episys core processing system.

With the average age being 47 for members nationwide, credit unions aren't attracting younger members or retaining older members, but both population segments are still critical to growing membership, several experts recently shared.

The use of technology in Bank Secrecy Act and anti-money laundering programs by some credit unions and community banks helps to boost their compliance with BSA requirements, according to a recent survey conducted by Wolters Kluwer Financial Services.