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CULatest News

CFPB report attacks courtesy pay

Posted by Credit Union Times on August 1, 2014

by. David Morrison A new CFPB report found consumers who overdraw their checking accounts with debit cards generally overspend by small amounts, but pay very high costs for doing so. According to the agency’s research, the majority of debit card overdrafts occured on transactions of less than $24, and consumers returned their accounts to a positive balance within three days. Nevertheless, the CFPB said they paid an average of $34 per overdraw that resulted in an effective interest rate of 17,000%. Further, the [...]

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Managing vs. leading

Posted by Berger Leadership Blog on August 1, 2014

I ran across an infographic recently that charted out the differences between managing and leading. Some key differences between managers and leaders listed include: Managers: - count value; - maintain; - focus on systems and structure; and - always has his or her eye on the bottom line. Leaders: - innovate; - create value; - focus on people; and - challenge the status quo. However, an executive needs to learn to do both, which is why I’m so passionate about leadership, and learning all [...]

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Be audit ready: Three ways ECM supports I-9 compliance

Posted by OnBase on August 1, 2014

by. Katie Alberti Employee audits by the U.S. Citizenship and Immigration Services (USCIS) continue [...]

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How to overcome writer’s block in one simple step

Posted by PSB Integrated Marketing on August 1, 2014

You need to write something and the words just aren’t flowing, or you re-write [...]

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Seasonal spending data can help issuers design promotions

Posted by TMG on August 1, 2014

A recent spending report showed a dollar volume growth of 4.2 percent in May. Retail spending saw a 1.7-percent increase, a slight bump from 1.3 percent the previous month. Importantly for issuers, the data also indicated a significant jump in credit card spending, as well as a noticeable decline in purchases made by check in month-over-month analysis. Overall retail spending in May experienced the greatest growth in more than six months. This was mostly due to a nearly 7-percent jump in spending [...]

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Mandate relief light

Posted August 1, 2014

by. Henry Meier I think Chairman Matz may have gotten a little carried away by the lights of Vegas the [...]

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How mobile retail offers can make credit unions mighty profitable and very relevant — with Relevant Solutions’ James Peil

Posted August 1, 2014

Want to find out how your credit union can: • Provide a free app to your members and the community with [...]

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New bill would push CFPB supervision trigger to $50B

Posted August 1, 2014

Sens. Pat Toomey (R-Pa.) and Joe Donnelly (D-Ind.) have introduced a bill that would raise the credit union threshold for [...]

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NCUA: No future corporate stabilization assessments expected

Posted August 1, 2014

NCUA staff said Thursday that all the numbers for the Temporary Corporate Credit Union Stabilization Fund indicate credit unions are [...]

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CU Partner Profiles see more »

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  • Buzz Points is the only fully merchant-funded loyalty program which encourages users to bank local, buy local and [...] read more

  • Your Marketing Co started serving credit unions nearly a decade ago, offering a wide range of services including [...] read more

  • NAFCU is Your Direct Connection to Education, Advocacy and Advancement The National Association of Federal Credit Unions is [...] read more