Syndicated

The Senate will consider legislation to fund the federal government past Feb. 18 this week, while the House will hold a committee work week. The Housepassed a continuing resolution last…

NAFCU’s Kaley Schaferwrote to the Financial Crimes Enforcement Network(FinCEN) Friday in response to a request for information (RFI)regarding the review of Bank Secrecy Act (BSA) regulations and guidance. Of note,…

The board shouldn’t be “in the weeds” of analyzing possible board portal products. But the board can help management with product selection by setting out its vision and needs for…

As I watch the Olympics, I am in awe of the skill of the athletes that compete at such a high level. While the media tends to focus only on…

With delinquencies expected to increase as government stimulus funds dry up, financial intuitions’ net interest margins will likely continue to be squeezed. As new car sales improve, 2022 should be…

I’m not going to talk about COVID in this article.I’m tired, real tired, with the phrase “these turbulent times” that seems to find itself in the first sentence of damn…

At this moment, the most important soft skill for credit union leaders is empathy. According toOracle, Workplace Intelligence, 70% of the global workforce says the past year has been the…

The Military Lending Act (MLA)’scar loan exceptionto the definition of consumer credit applies to a loan offered “for the express purpose of financing…[a] car or personal property.” The Department of…

When Abound Credit Union first opened its doors in 1950 in Radcliff, Kentucky, its member base could fit in the confines of a small conference room. Back then, the credit…

Credit union loans outstanding increased 1.0% in December, compared to a 0.6% increase in November of 2021 and a 0.2% increase in December of 2020, according to CUNA’s latestMonthly Credit…

The NCUA Board next week is set to issue an interim final rule (IFR) on prompt corrective action (PCA), as well as propose a rule regarding asset threshold for determining…

As a member of the Black community, I have observed our constant challenge with varying aspects of widespread and individualized tragic events. These traumatic impacts are made worse by the…

Advocacy is the heart of a successful trade association. Conferences, social media, and community outreach are also important. However, without advocacy, membership simply resembles another social club. And just as…

Last month, webloggedabout emails and bona fide errors under Regulation F. Regulation F provides similar treatment for text messages and bona fide errors. Undersection 813(c)of the Fair Debt Collection Practices…

Innovation, employee experience and evolving consumer preferences are changing the financial services landscape. This includes the way financial products and services are delivered. Many banks and credit unions are exploring…

Poker isn’t just playing cards and placing bets, it exercises key life skills like strategic thinking, budgeting, and risk management. From the classroom to the boardroom and beyond, the lessons…

Have you ever been faced with an amazing opportunity for your organization, but could not figure out the best way to get your team excited for it? In arecent Inc.…

Credit unions can get information on changes to the NCUA’s Capital Adequacy Framework Webinar during an upcoming webinar hosted by the NCUA on Wednesday, Feb. 23. Staff from the NCUA’s…

As NAFCU continues to evaluate the situation surrounding the ongoing coronavirus pandemic, including event capacity restrictions put in place by the province of Quebec and the Canadian government, the association…

“What good is the warmth of summer without the cold of winter to give it sweetness.”- John Steinbeck We are all too familiar with the winter blues, the dread that…

“We cannot see things as they are, for we are compelled by a necessity of nature to see things as we are.We can never get rid of ourselves.” The author…

The COVID-19 Pandemic has had a profound effect on us all in so many ways. For many credit unions the pandemic has translated into staffing shortages and increased collections efforts.…

Credit cards can help you build a healthy credit history if you manage them properly. You may also benefit from rewards like cash back or points to be used for…

Digital transformation is one of the most important initiatives that a financial institution can undertake in order to stay competitive. However, many credit unions and banks struggle with achieving success…