Last fall, major federal banking regulators issued afinal rulethat imposed new cyber incident notification requirements on banks. While that rule does not apply to credit unions, cyber incident reporting requirements…
The long-awaitedSenate Democratic marijuana legislationwould allow marijuana banking and would establish a newCommunity Development Financial Institution(CDFI) program to provide grants to communities that have been impacted by the War on…
If you’ve spent any time dabbling in the metaverse, you might feel as though the future has arrived. In case you’re new to the topic, the metaverse is an area…
South Carolina Gov. Henry McMaster signed H. 3279, a Carolinas Credit Union League-backed bill, into law. H. 3729 combats the predatory practice of bad actors in the towing industry who…
Representative Scott Fitzgerald, R-Wisc., Wednesday introduced the NAFCU-supportedMaking CFPB Accountable to Small Business Act, a bill that would repeal the Dodd-Frank Act’s burdensome data collection rule, Section 1071. NAFCU hassought…
The last two and half years have revealed flaws in the just-in-time and as-needed production approaches used in many industries. Additionally, inventory supply and demand were shifted drastically as many…
Field-of-membership (FOM) modernization is all about removing barriers and creating opportunities for consumers and businesses. It’s a top priority for the CUNA-League advocacy team because language modernizing federal credit unions’…
If you’re one of the many executives wondering how to align your organization in the new working environment, you’re not alone. Work has changed. COVID didn’t start the change, but…
Federal credit union operating fees may be reduced next year as a result of the Nation Credit Union Administration running a budget surplus of about $18 million, NCUA CFO Eugene…
If you’ve been feeling like your paycheck doesn’t quite cover what it used to, you’re probably right. Thanks toinflation, you’re paying a little under 10% more than you’d pay for…
Without a healthy and inclusive work environment, employee satisfaction and productivity spirals. As leaders, it’s our duty to show those in our organizations that we care about them, and that…
The 2022 World Credit Union Conference concluded Wednesday with a Scottish-themed closing party that put the finishing touches on a spectacular four-day event at the Scottish Events Campus. More than…
Ahead of the NCUA Boardmeetingtoday where staff will brief the board on the 2022 mid-session budget, NAFCU’s President and CEO Dan Bergerrecommendedthe agency “continue to work to find cost-saving efficiencies…
We all know the credit union philosophy is “people helping people.” Credit unions across the country and worldwide are committed to supporting their members and communities by doing whatever it…
Indirect loans have become a common part of the modern lending landscape and while these products can be great for borrowers seeking the best rates and financial institutions hoping to…
In addition to publishing some recent advisory opinions, the Consumer Financial Protection Bureau (CFBP) has been busy cooking up some enforcement actions (EA).Here are two notable EAs that have come…
Your job as a financial organization is to help people fight inflation. “Inflation” has always a dirty word, but its effects are especially nasty these days. You need only drive…
Learn how Adlumin’s combination of platform and people helped Financial Plus Credit Union establish a 24/7 Security Operations Command Center and increase their network security health and compliance.
Senators want to know why credit unions, but not banks, receive free rent on military bases, according to the just-releasedSenate version of the FY23 defense authorization bill. And they want…
Credit union champions defended their seats against primary challengers in congressional races throughout Maryland Tuesday. Credit Union Legislative Action Council (CULAC) and state leagues have backed 222 credit union proponents…
The CFPB hasextended the comment deadlinefor itsrequest for information (RFI) on customer serviceand relationship banking by 30 days; comments are now due August 22, 2022. NAFCU previously sent members aRegulatory…
All progress is change, but not all change is progress.No one plans to change or desires to change, but we embrace what we view as progress. There is a powerful…
Change is amongst us. A new way of thinking is emerging. A new dialogue foremployee wellnesshas begun, and it all starts with Generation Z. It is the era of Gen…