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January

30
2024
Industry News

FTC Orders Tax Company Inuit to Halt Deceptive Advertising

In a recent legal move, the Federal Trade Commission has issued an opinion and final order (PDF) against Intuit Inc., the company behind the widely used TurboTax tax filing software, according to a press release from the FTC.

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January

30
2024
Industry News

The Average American's Household Expenses Are $6,081 A Month Or $72,967 A Year — But The Median Annual Household Income Is Just $74,580

With inflation impacting budgets, many are seeking ways to manage their expenses effectively. The 2022 Consumer Expenditure Survey by the Bureau of Labor Statistics reveals that the average American household’s monthly expenses total approximately $6,081, equating to $72,967 annually. This amount includes costs for housing, transportation, food and other essential categories​​

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January

30
2024
Industry News

Navigant named among nation’s best regional credit unions in 2024

SMITHFIELD – Navigant Credit Union recently earned a five-star rating from Newsweek, ranking it as one of the nation’s best regional banks and credit unions.

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January

30
2024
Compliance

CFPB Bites of the Month - 2023 Annual Review - Small Dollar Lending, Lease-to-Own, and Alternative Financial Services

In this article, we share a timeline of our monthly "bites" for 2023 applicable to the small dollar lending, lease-to-own, and alternative financial services industries.

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January

30
2024
Industry News

Court Stymies State Regulator’s Attempt to Block Bank-Credit Union Deal

The last two years have seen a significant uptick in the number of transactions involving credit union acquisitions of banks with 26 deals announced and two transactions already announced in 2024. Yet, the law around these transactions remains somewhat unsettled and the path to regulatory approval is often not clear.

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