Regulatory overreach is impeding credit unions’ ability to improve the financial wellbeing of members and Congress and regulators must take action to reverse this trend, America’s Credit Unions Transition Board…
Consumer Reports, which frequently recommends credit unions over banks, appears to be having second thoughts, citing a California report that credit unions are charging higher overdraft fees than banks. That’s…
American Express Co. has told an undisclosed number of cardholders that their account information may have been breached in a recent hacking of a merchant processor. Current and previously issued…
You can’t drive a car by pressing both pedals at once, and it doesn’t work if you only use one pedal and not the other — you need both to…
Life’s basic necessities — food, shelter, and clothing — are getting more expensive. Many experience sticker shock when it comes to food prices. A weekly trip to the supermarket can…
What’s holding you back during your community bank or credit union strategic planning session? Not strategically (although that’s important, of course). Personally. Are you sharing everything you’re thinking? Probably not.…
The Federal Reserve’s debit interchange proposal could undermine recent progress in bringing low- and moderate-income (LMI) consumers into the financial services system, a bipartisan group of representativeswrote Federal Reserve Chair…
TheGreat Resignationhas caused severe retention issues at many firms at every level. Voluntary turnover was up 41% in 2022 and up to two-thirds of workers are looking for a new…
Good morning, readers, and welcome to another special report from CUSO Magazine, featuring all the latest news from day three of the Governmental Affairs Conference in Washington D.C. From beginning…
The soft landing, it appears, will not be televised. At least it won't be announced, declared, or advertised, Federal Reserve Chair Jerome Powell told members of the U.S. House Financial…
Within hours of the release of theConsumer Financial Protection Bureau’s final rule restricting credit card late feesto $8.00 at the largest issuers, opponents began lining up to threaten procedural and…
It’s 2034.Many of the ways you think about retail banking and payments today no longer exist. Plastic cards for credit and debit? Extinct. Coins and paper currency? Relics for museums.…
As individuals navigate life events, financial institutions face challenges to consistently and confidently verify their identities. Without a comprehensive view, weak identity verification at account opening leaves the door open…
Karen Harbin, president/CEO of Commonwealth Credit Union—and secretary of America’s Credit Unions Transition Board—will testify before a House Financial Services subcommittee Thursday on behalf of America’s Credit Unions. During the…
Welcome back to our daily update from the 2024 Governmental Affairs Conference, hosted by America’s Credit Unions in Washington D.C.! If you were unable to join us yesterday, this daily…
A Gallup pollfoundonly “32 percent of Americans prepare a monthly budget.” This means many people live each month without a spending plan or a guide for their money. And without…
Paying for college is an expensive venture, but did you know you can take advantage of special tax breaks just for college students and their parents? These benefits come in…
As 6,000 credit union advocates gathered in the nation’s capital this week, banking trade groups renewed their attacks on the credit union tax exemption. As you might expect, credit union…
Credit union wins require coordinated advocacy from the entire movement and at every level, America’s Credit Unions President/CEO Jim Nussle told attendees at the 2024 Governmental Affairs Conference (GAC) Monday.…
If you thought you'd never see Jim Nussle in sunglasses and Converse All-Stars, strollin' out to Queen's "We Will Rock You" as his entrance music, then you were probably pretty…
Running a community financial institution sometimes feels like a race. You’re hurrying to put out fires, you’re rushing to get daily tasks done and you’re still tackling strategic hurdles in…
Check out episode 10. In today’s episode we speak with Seth Brickman, the CEO of QCash Financial, about their small dollar lending platform and the services they are bringing to…
It's my privilege to reflect on Chartway Credit Union’s ongoing efforts to embrace and enhance diversity, equity and inclusion within our organization. Grounded in our core values of relationships, communities,…
Identity fraud is an ongoing issue for banking institutions, but advancements in new technologies, like GenAI, are ushering in a brave new world for security teams. Scammers are using the…