Supporting AACUC in 2024 and beyond
Elan Credit Card has been a corporate sponsor and supporter of the African-American Credit Union Coalition (AACUC) since 2022. The collaboration has included a financial education event benefiting hundreds of…
Syndicated
Stocks fluctuate after Consumer Confidence Report: Markets wrap
(Bloomberg) -- Stocks fluctuated at the start of a holiday-shortened week, with traders wading through a raft of economic reports and remarks from Federal Reserve speakers for clues on the…
Good governance: 2024 compliance topics for boards
Credit union directors need to understand these 4 regulatory topic The regulatory landscape requires board members to have knowledge of the most pressing compliance topics. We highlighted several regulatory topics…
NCUA approves regulatory review
The NCUA Board Thursday unanimously approved avoluntary regulatory review. The agency is requesting comment to help identify NCUA regulations that are “outdated, unnecessary, or unduly burdensome on federally insured credit…
How to attract Gen Z with your digital payment strategy
With the average age of a credit union member being53, it is crucial to implement forward-thinking strategies aimed at attracting younger generations and expanding your credit union membership. One effective…
America’s Credit Unions: BNPL rule doesn’t go far enough
The Consumer Financial Protection Bureau’s rule governing Buy Now, Pay Later purchases does not go far enough in protecting consumers, Carrie Hunt, America’s Credit Unions chief advocacy officer said Wednesday.…
Reflecting on those who make our freedom possible
This weekend is an important opportunity to honor the men and women who sacrificed their lives in service to our country. This weekend also marks the unofficial start to summer,…
Modernizing the global benefits strategy to help drive organizational success
Every benefits strategy is a work in progress when the goal is to continually improve the value of workforce investments. Global employers, in their efforts to keep their benefit strategies…
Empowered and intentional
I recently received this message via LinkedIn: "I'm eager to create a life and career that I love, but I know that women sometimes face different hurdles in the professional…
House passes bill barring Fed from issuing CDBC
The House voted 261-192 to pass the America’s Credit Unions-supported CBDC Anti-Surveillance State Act (H.R. 5403). The bill—which has aSenate companion—would prohibit the Federal Reserve from issuing a central bank…
Fed’s Bostic says U.S. not past ‘worry point’ for inflation
The Federal Reserve may need to wait longer to cut interest rates because even with April's slightly cooler inflation reading there is continued upward pressure on prices, Atlanta Fed President…
What younger generations want from their lenders
Welcome to 2024: where technology is taking over, instant gratification is in, and waiting for anything is out. We used to hear about millennials, but now we are in the…
The five fundamentals of a credit union brand
In the last part of this blog series, you learned about five key tricks to an incredible strategic plan. Let’s look at branding this time. Before you jump into brand…
Accessing your home equity? Here’s what experts say to avoid doing
Interest rates are high thanks to the Federal Reserve's ongoing fight against inflation. While that's nice for savings accounts, it's not so great if you need to borrow money. In…
Appealing your award letter
With this year’s FAFSA and financial aid delays, many students and families have found themselves scrambling to get the information they need to make decisions about paying for college. Once…
Why the AI revolution is being led from below
Revolutions are rarely led by the existing leadership class, and the AI revolution in banking is proving to be no different. When GenAI first burst on the scene—and its earth-shattering…
CFPB issues rule to classify BNPL as credit cards
The CFPB Wednesdayannouncedaninterpretive ruleto apply some, but not all, of the consumer protections in place for credit cards under Regulation Z to Buy Now, Pay Later (BNPL) loans. The rule…
Why Gen Z can be credit unions best friend or worst enemy
In the current economic environment, Generation Z consumers struggle more than older consumers. Nonetheless, they are a growing demographic that financial service providers — including credit unions (CUs) — need…
Sowing the seeds of loyal, long-term borrower relationships
The materials available in this article are for informational purposes only and not for the purpose of providing legal advice. You should contact your own advisors with questions regarding the…
Using AI, Mastercard expects to find compromised cards quicker, before they get used by criminals
Mastercard said Wednesday that it expects to be able to discover that your credit or debit card number has been compromised well before it ends up in the hands of…
View from the Board: One more
I recently watched the movie “Hacksaw Ridge” for the first time. I know, where have I been? It was only released some 8 years ago. When watching the movie, I…
Sen. Blumenthal says financial institutions must take responsibility for Zelle fraud
Financial institutions must assume more responsibility for helping people who are defrauded by Zelle and other peer-to-peer payment systems, Sen. Richard Blumenthal, D-Conn., chairman of the Homeland Security and Governmental…
A big survey asked Americans about their finances. Here are some trouble spots
Americans overwhelmingly say they're "doing at least OK financially," but most remain worried about rising prices, and 1 in 6 says they have bills they can't pay, according to areport…