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Banker's Toolbox Announces — ACQUISITION OF LOAN LOSS RESERVE POWERHOUSE, MAINSTREET TECHNOLOGIES
Banker's Toolbox, Inc., leaders in compliance solutions for financial institutions, announced the acquisition of Georgia-based MainStreet Technologies (MST). MST is an industry leader in the loan risk management space. This acquisition adds to a strong and growing portfolio of compliance-related solutions and will continue to enhance the value Banker's Toolbox brings to both their customers and the industry. (Read full press release here.)

Bureau debunks military personal finances myths

The Bureau has posted a Bureau Blog article examining five myths in the military community about personal finance:

  • Credit card companies are required to waive annual fees for servicemembers
  • The Servicemembers Civil Relief Act (SCRA) only helps by lowering interest rates
  • The Military Lending Act (MLA) doesn’t protect a spouse or dependent children
  • You need to pay someone to help you with your financial issues
  • Financial issues are too complicated for the average person
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