Syndicated

As of March 18, 2022, Nacha’s account validation rule requires ACH originators of WEB entries to use a commercially reasonable fraud detection system to verify the first time a consumer…

The NCUA should streamline itsmerger processand defer to state officials, when appropriate, credit union groups told the agency this week. When two federally insured, state-chartered credit unions (FISCUs) merge, the…

The Federal Communications Commission (FCC) shouldavoid imposing excessive restrictionson “non-conversational traffic,” CUNA and other organizations wrote to the FCC Wednesday. The comments were filed in response to a proposal involving…

NAFCU President and CEO Dan Berger Wednesday wrote to the CFPB to highlight new requests regarding Regulation E and the prospect of future guidance on this topic from the bureau.…

Amid the instability of the last two years—from rising inflation and market volatility to a looming recession, clogged supply chains and the pandemic—a chasm has formed between consumers and their…

The primary job of any manager is to produce results. Some are better at it than others. There are many reasons for that variation, but one of the most striking…

This is usually how it works. Just when the world appears to be full of nothing but darkness and despair, the wind shifts and attitudes improve. The same often occurs…

Growing a customer base is one of the toughest challenges any business will face - and regional banks are no exception to that rule.For many organizations, a good marketing campaign…

During this time of “are we or are we not in a recession,” banks and credit unions should be focusing on actions that can generate revenue and mitigate potential risks.…

The NCUA should amend itsfield of membership(FOM) rules to make it easier for people to join credit unions and help those institutions grow, the two national industry trade groups told…

If you want a case study in defining your niche, look no further than Oxygen. It’s a FinTech company targeting freelancers and gig workers underserved by other financial institutions. Every…

Credit union champions won their primary races in Hawaii Saturday and Alaska Tuesday. Credit Union Legislative Action Council (CULAC) and state leagues have backed 279 credit union champions with a…

The Federal Reserve on Tuesday issuedadditional informationfor Board supervised banks seeking to engage in crypto-asset-related activities. Although the guidance is directed toward banks,it helps ensure that supervisory expectations for firms…

Did you know that you have a secret rating that can massively enable (or inhibit) your ability to achieve your desired results? Worse yet, other people know the score, but…

The marijuana banking legislation passed by the House would not significantly improve the problems cannabis-related businesses face in trying to establish banking services, researchers at theDrug Enforcement Policy Centerat Ohio…

In today’s increasingly digital environment, it is easy to pay for almost anything, especially an online purchase, via installments. Buy Now, Pay Later (BNPL), point-of-sale installment payment plans are everywhere.…

“Risk is the clue that our dreams are both real and great.” – Craig D Lounsbrough When you think of life insurance commercials, what comes to mind first? Think about…

One of the significant and sudden impacts of the pandemic was people suddenly started driving far less than before. Subsequently, there were fewerauto insuranceclaims nationally. In response, many auto carriers…

The prospect of an economic recession in the United States persists in this summer of 2022. While fuel prices have progressively – and with great relief – dropped in the…

The cumulative regulatory burden on credit unions is near an all-time high, though it has slowed recently, CUNA wrote to NCUA Monday. CUNA’s comments were sent in response to NCUA’s…

The Federal Reserve on Monday announcedfinal guidelinesfor Reserve Banks to usewhenreviewing requests to access Fedaccounts and payment services.The Account Access Guidelines do not establish legal eligibility standards, but instead establish…

Over the last decade, credit unions have been consolidating rapidly. With the resulting increase in total asset size per credit union, the surviving credit unions are becoming more sophisticated organizations…

It’s August. And that means theNational Flood Insurance Program(NFIP) is about to expire. Again. Congress has been unable to pass a long-term reauthorization of the program for years. And so,…

Digital strategies are not just for deepening relationships with customers. The digital experience is also a way to refine and improve processes while also building community trust. Today’s guests,Mary Kate…