The Consumer Financial Protection Bureau (CFPB) completed afinal rule(rule) that will help the financial services industry transition from the London Interbank Offered Rate (LIBOR) for consumer credit products. The rule…
Should you be concerned about your debts in your retirement? The short answer is yes. If possible, it's best to avoid carrying debt in retirement. Studies have linked credit card…
People used to lean on one another or maybe a dictionary for anything they didn’t know. Now, of course, it’s all Google all the time. “What to watch”, “What is…
In general, being a leader takes great responsibility. Sometimes, responsibility can bring many challenges along with it. Complicated situations can arise when leading others, and it can become overwhelming to…
As practically everyone knows, Valentine’s Day is coming up. Practically everyone also knows the traditional way couples celebrate Valentine’s Day—a card and some candy with a rose, followed by a…
Rep. John Katko (R-N.Y.) announced this week he will not seek re-election to Congress in 2022. First elected in 2014, he has been a strong credit union champion throughout his…
The nomination of current NCUA Board Chairman Todd Harper to serve a full term on the NCUA Board was advanced to the full Senate by the SenateBanking Committee in a…
People love connections. This is partly due to our basic emotional need for belonging and identity. But how can a community stay connected in light of the pandemic? This is…
How to lead. How to market. How to… fill in the blank with just about any action needed in business and there is a book, blog, podcast, or whitepaper to…
Credit unions are unique financial institutions, existing solely to serve their members. In a digital age, particularly in a time when in-person interactions can be out of reach, new approaches…
Despite another pandemic-impacted holiday shopping season that was accompanied by supply chain challenges, 2021 saw another year of high-volume holiday spending. As we have now reached the time of year…
Consumers are turning to credit unions for a number of reasons: personalized service, commitment to their local communities, and affordable rates. Learning and building upon each of them within your…
Welcome to 2022, a new year offering fresh opportunities and challenges—and you can start it by accepting some fiscal responsibilities that offer both. The pandemic has disrupted the personal finances…
CUNA joined the Chamber of Commerce and multiple bank trade associations in filing anamicus briefthis week in a Fair Debt Collection Practices Act (FDCPA) case that will be hearden bancby…
NAFCU's Regulatory Committee met Tuesday and discussed several proposals open for comment from federal financial regulators, including the NCUA, CFPB, and Financial Crimes Enforcement Network (FinCEN). The group first reviewed…
Disruption, isolation, doomscrolling … several such words have leaped in popularity lately. My favorite: unprecedented, which was recently named thePeople’s ChoiceWord of the Year. We are living in unprecedented times,…
It’s a New Year’s riddle: What do you get when you combine a small, nimble team with the best technology? The answer? Confidence in facing the unknowns of 2022, says…
Putting your focus on becoming your members’ primary financial institution begs the question, “How do you define a PFI?” CUES member Dan Clarke, SVP/member experience with $5 billionService Credit Union,…
Given the current economic and pandemic state, unfortunately, financial fraud will continue to thrive well into 2022 and beyond with fraudsters anticipated to exploit consumers across all digital channels. As…
According theAmerican Psychological Association‘ssurvey, which measures causes of stress, money consistently lands near the top with 61% of Americans reporting money-related anxiety. The biggest factor in this stress is overspending.We…
I hope everyone’s new year is still going well, and I hope you are all on track to meet your new year’s resolutions. For their upcoming resolutions, on January 18,2022,…
NCUA’s latest Letter to Credit Unions (22-CU-02) provides credit unions with an update on the agency’s examination programs. It also covers NCUA’ssupervisory priorities for 2022. NCUA Connect & MERIT In…
Total retail sales fell by 1.9 percent in December, following gains of 0.2 percent in November and 1.8 percent in October. NAFCU Chief Economist and Vice President of Research Curt…
Being a leader in lending over the last two years has made me curse the old Chinese proverb, “May you live in interesting times.” The last two years have been…