Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (01/07/2008)
* WASHINGTON (1/8/08)—-The National Park Service tapped Credit Union House state flower artist Margaret Huddy to paint one of the 2007 White House Christmas tree ornaments, reports the Mount Vernon Gazette (Dec. 20-26). Huddy’s assignment was to paint the White House and its grounds--which are part of the U.S. National Park System—-on the surface of an 18 inch diameter sphere. The theme of the 2007 White House Christmas Tree was “Our National Parks and Monuments.” Read more on the Mount Vernon Gazette website... * WASHINGTON (1/8/08)--The Internal Revenue Service (IRS) announced Thursday that it is considering new restrictions on refund anticipation loans (RALS), but the agency does not intend to ban the loans, according to David Williams, IRS director of electronic tax administration (American Banker Jan. 7). Rather, the agency wants to ensure that tax preparers aren’t encouraged to provide false information, he said. Williams also stated that the agency has uncovered “anecdotal evidence” indicating that some loan providers encourage consumers to inflate their returns, but has not confirmed it. The proposed restrictions could impact Pacific Capital, which receives half of its business from funding RALS, according to a research note by Brent Christ, an analyst with Fox-Pitt Kelton Cochran Caronia Waller (USA) LLC. John Hewitt, chief executive of Liberty Tax Service and Jackson Hewitt co-founder, said the IRS cannot prevent banks from offering RALS ...


RSS print
News Now LiveWire
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
3 hours ago
.@CUNAMutualGroup has committed $35K to @trustdotcoop over the next year to suppor the future of #creditunions.
4 hours ago
.@madison_mag gets the cooperative scoop from @SummitDoMore's @kimsponem http://t.co/RxSCeSegie
4 hours ago
.@VantageWestCU emeritus chairman Whittaker inducted into @DCUC_HQ Hall of Fame http://t.co/dpeP4ME49U
6 hours ago
Australian newspaper covers Gen Y tips from @ServusCU at @WOCCU conference http://t.co/xqmLfZVwaI
6 hours ago