MADISON, Wis. - (01/10/06) Area credit unions aretraveling around Wisconsin with state officials to try and dissuadelow-income tax filers from taking out costly tax anticipation loansthis season and convince them to file their taxes electronically toreceive their refunds more rapidly. Several credit unions havesigned on to offer no-cost deposit accounts as an alternative tothe high-cost refund anticipation loans that have grown inpopularity over the past few years, especially among low-income taxfilers. Credit unions in Madison, Milwaukee, and several othercities will open deposit accounts and work with volunteers from theWisconsin Department of Revenue at Volunteer Income Tax Assistancesites. The sites offer free tax preparation, tax education andasset-building strategies to people with low incomes, the disabled,and those with limited English proficiency, and theelderly.
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The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
10h ago -
The store-branded card issuer is raising annual percentage rates and adding fees for paper statements to compensate for lost revenue. The Consumer Financial Protection Bureau's new regulation is scheduled to take effect on May 14.
10h ago -
At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.
11h ago -
Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
April 24 -
The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
April 24 -
Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
April 24