Addressing the Impact of Overdraft Policies on Low-Income and Young Consumers

Strategic Link business partner John M. Floyd and Associates has been working to provide the CFPB with a balanced look at how transparent overdraft programs can benefit informed account holders, and their findings revealed patterns of overdraft use that disproportionately impacts young adults and consumers of low and moderate income.

Washington Legislative Week in Review: Legislature Heads to Special Session

Gov. Christine Gregoire called the Washington State Legislature into special session yesterday to finish the budget after its regular session ended last Thursday without an accepted plan to close the remaining $1 billion budget deficit.

Disclosure Requirements for ‘Skip-a-Payment’ Programs

Many credit unions offer “skip-a-payment” programs to their members, particularly during the holiday season, but credit unions should be aware of the various disclosure requirements related to these programs.