Syndicated

The mere mention of the Office of Foreign Assets Control (OFAC) can strike fear into the hearts of some credit union compliance professionals. Violations of OFAC sanctions are a strict…

In this episode JMFA’s EVP of Compliance Review,Cheryl Lawson, shares insight on recent topics making news headlines. She addresses a few continuous elements proposed by lawmakers to impose changes to…

The Consumer Financial Protection Bureau (CFPB) announced Friday that the agency is issuing new technical specifications for complying with credit card agreement and data submission requirements under the Truth in…

Looking for an opportunity to share your credit union's story in real time so lawmakers understand how burdensome regulations and other issues impact growth and day-to-day operations? ThroughNAFCU's revamped hybrid…

The first half of the year is behind us, with the market performance strong across the board. But what about the rest of the year? With inflation on the minds…

There’s something more satisfying about having a single dollar in your pocket than a dollar’s worth of loose change. Experts say the same intuition applies to cryptocurrency — and it…

Last week, the FFIEC published guidance titledAuthentication and Access to Financial Institution Services and Systems(the guidance). This guidance replaces previously issued statements (think back to pre-Twitter times) regarding best practices…

Millennials should be the focal point of any financial institution’s marketing strategy in today’s world. They’re the consumers at the brink of starting families (if they haven’t already), buying a…

Leaders need a strong mind to overcome the challenges that we face during our lives and to enable resilience. As we continue to deal with the pandemic, focusing on resilience…

CUNAjoinedseveral organizations to support bill H.R. 4773 from Representative Blaine Luetkemeyer (R-Mo.), which would replace the director of the Consumer Financial Protection Bureau (CFPB) with a bipartisan five-member commission. CUNA…

Yesterday the Federal Housing Finance Agency (FHFA)proposed updated housing goals for the government sponsored enterprises (GSEs)for 2022 to 2024. The proposed housing goals ensure that the GSEs responsibly promote equitable…

Board Diversity Diversity on credit union boards is a topic getting a lot of justifiable attention. I don’t know that we’re making a great deal of progress in this area,…

Having lost in the Senate, the National Association of Federally-Insured Credit Unions is asking the House to ensure that its version of an FY22 budget does not allow enactment of…

As with any business, financial institutions need to ensure that they are keeping up with their customers’ expectations for services, proactively servicing and protecting their assets, and making the necessary…

Americans today exist inprecarious financial situations.CNBC Moneyreports that 49% of Americans live paycheck-to-paycheck, meaning they spend every dime of their monthly incomewith little left for saving. In fact, Americans save…

For most consumers in the United States, a good credit score represents a pathway to increased wealth and access to a “better life” — the American Dream. As we are…

Credit union loans outstanding increased 1.0% in June, compared to a 0.8% increase in May and a 0.7% increase in June of 2020, according to CUNA’s latestMonthly Credit Union Estimates.…

NAFCU joined with a group of financial trade associations this week to request meetings with both the Treasury and the Federal Housing Finance Agency (FHFA) regarding the amendments to the…

I’ve been thinking about how fear and scarcity are deeply influential on our society. They’re everywhere: politics, business, the way we live our lives and how we make decisions around…

As I write this, we’re deep into preparations for our 2022 business plan and budget. We’re in the mood to look forward and say, “yesterday’s numbers are yesterday’s numbers.” And,…

I’m still unpacking the terrific CRM insights shared by Deidre Davis (CMO, Michigan State University FCU) and Pam Piligian (SVP of marketing and communications, Navy FCU) at the recentCEOs and…

A car is one of the biggest purchases you’ll ever make, and it can be a serious financial commitment. It’s worth the effort to shop for the right car at…

The shift to remote banking caused by the COVID-19 pandemic will never be reversed. As a result, credit unions have a unique opportunity to build and retain market share in…

Hello compliance friends, welcome to another Wednesday blog post!This one is very special, because it is one of my most favorite days – National Fajita Day!Fajitas are one of my…