Syndicated

Any effort by theFederal Trade Commissionto regulate the ways that consumer data is used is likely to be ill-timed or overly broad, credit union trade groups told the commission this…

“You can’t be everything to everybody, but you can be everything to somebody.” – Trent Shelton A while back, flipping through Facebook Reels (those short videos that are seemingly provided…

When you apply for a mortgage, car loan or credit card, lenders consider multiple factors such as your credit score and debt-to-income ratio. Yourcredit scoreis a three-digit number that reflects…

For years, consumer advocacy groups and federal agencies like theConsumer Financial Protection Bureau(CFPB) have fought to hold to account or eliminate predatory payday lenders in states across the country. Regardless…

A new report published by the National Credit Union Foundation (the Foundation) shows that credit unions can measurably increase their employees’ financial well-being through initiatives as simple as a prompting…

As the Federal Trade Commission (FTC) seeks public feedback on commercial surveillance and data security issues, NAFCU advised the commission to “abstain from all further data privacy-related rulemaking efforts until…

‘Tis the season to be … wary. The holiday weeks mean fewer days in the office — online or onsite. Staffers embark on their usual round-robins of vacation. We’re all…

Bank and credit union executives often claim that it’s difficult to be innovative because they are in a heavily regulated industry, straitjacketed by rules. Duncan Wardle agrees — sort of.…

One of the most common sales pitches in life is “hurry up and get this deal before someone else buys it.” The Fear of Missing Out (FOMO) has many variations.…

It’s not always nice to say the quiet part out loud, but financial services can be…well…boring. And that’s not a reflection on your credit union or community bank - it’s…

Credit union trade groups are pushing House and Senate leaders to pass a “clean” defense reauthorization bill that does not include two provisions they find particularly odious. In a letter…

As the pandemic’s effects continue, credit union members are paying more acute attention to their financial situation. They are increasingly attuned to which financial products make the best sense for…

Credit Union Magazineis seekingnominations for the 2023 Credit Union Hero Award. The 2023 Credit Union Hero of the Year will be selected via online poll by the readers ofCredit Union…

Existing home sales declined 5.9percent in Octoberto a seasonally-adjusted annualized rate of 4.4million units, marking the ninthstraight month of declining sales and representing a 28.4percent decrease in sales compared to…

Over the last year or so, I’ve been making predictions around the office that may be a bit of a stretch. I qualify them by saying “I could be wrong;…

Trends credit unions should be monitoring for 2023 include “COVID spending fever,” competition, deposit pricing, tax and insurance increases on escrow, and mergers. COVID Spending Fever One factor carrying over…

Opening a checking account isn't a process to be taken lightly. The onboarding process in the credit union sector is a critical time that allows financial institutions to gather essential…

When a borrower comes to your institution seeking funds, most often aren't arriving with a specifictypeof loan in mind. They have a need and look to their lender for guidance…

Even as its future funding remains unclear, the CFPB has announced two new initiatives—one to increase its focus on repeat offenders and the other to gather information about the auto…

Earlier this month, millions flocked to the polls to cast their vote in the midterm elections. In fact,some are reportingthat while the votes are still not finalized, 2022 turnout is…

Our National Awards Committee announced the 2022 award recipients this week. Each year state Leagues help the committee to identify credit unions and organizations for the: Dora Maxwell Social Responsibility…

The NCUA board received anupdateon the National Credit Union Share Insurance Fund (NCUSIF) for the quarter ending Sept. 30 at its board meeting Thursday. The share insurance fund reported a…

In a new blog post, the CFPB highlighted how the cost of automobiles has risen substantially since the beginning of the COVID-19 pandemic and that auto loans are on track…

The percentage of female CEOs in the credit union industry is on a positive trajectory, rising to approximately 50% in 2021 from about a third in 2017. This ratio is…