MADISON, Wis. - Payday lenders in Wisconsin are making in excess of $200 million in loans at an average APR of 542.2%, according to a study conducted by the Wisconsin Department of Financial Institutions (WDFI). The average loan amount is $246.19 with an average finance charge of $49.73 and an...

HACKENSACK, N.J.-Privacy and American Business and the Association of Corporate Privacy Officers plan to release two surveys this fall regarding corporate privacy officers (CPOs) and how the public perceives them. The studies will look into CPO's duties and salaries and measure how the general public fells about companies with appointed...

MIDDLETOWN, Pa. - Mid-Atlantic Corporate FCU has signed a mutual referral agreement with iSolaria, a financial software solution provider. The agreement calls for Mid-Atlantic to be presented by iSolaria as the preferred vendor for electronic bill payment (EBP) processing to credit union clients using iSolaria's Internet banking solution. Mid-Atlantic will...

AUKLAND, New Zealand - The Baycourt Convention Centre in Tauranga will be the site of the "People Make the Difference" conference and Annual Meeting of the New Zealand Association of Credit Unions on September 13-16. Topics will include the new Trust Deed Licence System, credit control, team building, fraud, governance...

VALLEY FORGE, Pa. - Credit unions not only want their IT department to be able to pull data from their core system and create custom reports, they want that power CU-wide for all employees. USERS has released the latest version of DataSafeSQL - a standards-based tool that gives credit union...

RYE, N.Y. - A study by Electronic Bill Presentment and Payment firm Mobius Management Systems here shows yet again that most consumers think EBPP is a great idea, but they don't know if their billers offer it. "The lack of adoption has become a sort of self-fulfilling prophesy. I think...

WASHINGTON-The Office of the Comptroller of the Currency (OCC) has made some operational management changes in order to separate the larger national banks from the smaller institutions. According to the American Banker, the agency is regrouping 350 of its 1,980 examiners who supervise the top 30 national banks. Comptroller John...

In April 2000, the NCUA allowed credit unions to provide electronic statements instead of mailed statements, at the members' option. That rule, following the lead of the Federal Reserve Board, was amended by the NCUA Board on June 14. It now reads: Standards set for electronic Truth in Savings disclosures...