Protecting a financial lifeline for consumers
Credit unions are committed to the financial well-being of their members and communities. As your voice in Washington, we recognize that you face many challenges as you work to achieve…
Syndicated
Protect members from job ‘opportunities’ fraud
In our post-pandemic world, lots of people want to work from home. Credit union members who don’t have a traditional job that allows them the flexibility of remote or hybrid…
Managing a hybrid workforce – success strategies
Managers are now challenged to effectively manage staff remotely. The cadence of when employees must be “in the office” versus working remotely varies from credit union to credit union and…
UPDATE – Stock market today: Dow, S&P 500 hit record highs as tech stocks soar
Stocks climbed on Friday, pushing the S&P 500 and Dow Jones Industrial Average to record closing highs. The S&P 500 (^GSPC) rose 1.2% to close at 4,839. This marked the…
Otsuka supports increased NCUA focus on consumer protection
New National Credit Union Administration board member Tanya Otsuka on Thursday strongly endorsed efforts to increase the agency’s focus on consumer protection efforts. “I support a strong consumer compliance program,”…
Why the ‘Chevron Two-Step’ matters so much to banks and credit unions
The most significant banking case of my legal career involves . . . fishery management. Allow me to explain. TheLoperand aptly-namedRelentlesscases argued at the Supreme Court on Jan. 17 concern…
Nussle calls for ERTC consideration ahead of tax bill markup
America’s Credit Unions President/CEO Jim Nussle sent a letter Thursday to the House Ways and Means Committee and Senate Finance Committee urging them to fix an oversight to the Coronavirus…
Your bank or credit union consumer experience hinges on repeat successes
The member or customer just walked out the door, hung up the phone or closed the chat. Phew! It’s over…you made it through. Until the next person arrives (or until…
Budgeting for the budget
What is a budget and why do we do it? A budget is an essential planning tool for estimating your business or personal future income and expenses. A budget can…
America’s Credit Unions announces upcoming layoffs affecting 25–30% of its workforce
Credit Union National Association, doing business as America’s Credit Unions, will implement layoffs as a result of a recent merger and forecasts of business needs going forward, according to aWARN…
Consumers turn to unregulated buy now, pay later plans
Shopping has changed in recent years as more and more of it has moved online. Now, for many consumers, especially younger ones, the way those purchases are paid for is…
Mortgage rates drop to 7-month low
Mortgage rates dipped again this week, enticing more rate-sensitive buyers and sellers to return to the housing market. The average rate for a 30-year loan dropped to 6.60% from 6.66%…
How many credit cards should I have?
Credit cards can help you build a healthy credit history if you manage them properly. You may also benefit from rewards like cash back or points to be used for…
Nussle: CFPB overdraft proposal removes lifeline for many consumers
The CFPBreleased a proposalWednesday that would apply Truth in Lending Act provisions to overdraft services charged by financial institutions with more than $10 billion in assets. America’s Credit Unions strongly…
4 strategies to thrive in a wonky economy
Even though “wonky” may not be a word you use every day, it’s one of those words that can really sum up a scenario.While “wonkonomy” [wonky + economy] may not…
When it comes to bank or credit union leadership … no cheat days allowed!
You might be starting a fitness journey this year. And even these regimens allow for cheat days - days where you can ditch the kale shakes and enjoy some delectable…
Creating a drama free team
I am so thrilled to be sharing today's episode with you! I am joined today by special guest Dennis McIntee, CEO of the Leadership Development Group, author of Drama-Free Teams,…
CFPB Inspector General: Agency isn’t meeting investigation deadlines
The Consumer Financial Protection Bureau is failing to meet its goal of filing or settling enforcement actions within two years of opening an investigation, the agency’sInspector General said in a…
December retail sales top estimates to cap strong 2023
December retail sales out Wednesday showedUS consumerspending continued to prove resilient to round out 2023, pushing back against fears economic growth stalled in the year's final months. Retail sales grew…
Senate, House bills would clarify CFPB supervision of insurance
America’s Credit Unions wrote Senate Banking Committee Ranking Member Tim Scott, R-S.C., and Sen. Joe Manchin, D-W.Va., along with Rep. Bryan Steil, R-Wis., tooffer support for their bipartisan Business of…
IRS’s identity theft issues are leading to ‘unconscionable’ tax refund delays: Report
The Internal Revenue Service is way behind in dealing with identity theft cases, and it’s causing delays for taxpayers whose refunds are caught up in the bureaucracy. Identity theftis a…
Strategy or execution: What’s more important to your credit union’s success?
Research has shown that only about 8% of leaders excel at both strategy and execution. So, with limited resources at your credit union, which is more important to your success?…
Jamie Dimon warns ‘all these very powerful forces’ will impact U.S. economy in 2024 and 2025
JPMorgan ChaseCEOJamie Dimonsaid he remains cautious on the U.S. economy over the next two years because of a combination of financial and geopolitical risks. “You have all these very powerful…
Paying the minimum on a credit card
When it comes to paying off your credit card balances, you have multiple options. Paying the minimum on a credit card can be tempting. Why pay more if you don’t…