America’s credit unions vehemently opposeany regulation or legislation that would impact the operation of credit or debit cards, CUNA wrote to the Federal Reserve Wednesday. The Fed proposed a rule…
On a seasonally adjusted basis, overall consumer prices rose 0.5 percent in July, with the Bureau of Labor Statistics reporting the overall consumer price index (CPI) grew 5.3 percent over…
Low mortgage interest rates have had a huge impact on credit unions as well as the rest of the financial services sector. The low rates have fueled a refinance boom…
While the Olympics are over, the stories of international sporting lessons are not. These sometimes transcend individual athletic feats and tell of hard-fought life challenges. One of these stories is…
If you search when checks started being used, you might find a lot of conflicting results. Some scholars argue that evidence of checks can be dated back as far as…
There has been a great fallacy permeating popular media over the last few years about the credit union movement and its growth through the acquisition of banks. Bank associations have…
Digital banking trends are not just growing more popular, digital options and functionality for members are enhancing their member experience and quickly becoming a service expectation. Taking a thoughtful approach…
The eldest of Generation Z are now between the ages of 18 and 24. As they have become adults, finances have become more of a reality and concern. With new…
Ginnie Mae has several misconceptions about the nature of credit unions as mortgage lenders, CUNA Senior Director of Advocacy and Counsel Elizabeth LaBerge wrote in American Banker Wednesday. LaBerge’s op-ed…
NAFCU Regulatory Affairs Counsel James Akin wrote to the Federal Reserve Tuesday in response to proposed modifications to Regulation II clarifying the requirement for debit card issuers to enable –…
About 10 days ago, I dropped my oldest daughter Olivia off for three weeks of sleep-away camp. I’m sure this will be a wonderful experience for her, but the week…
Recently on CUESNet, a CUES member asked: Is anyone currently offering citizenship loans to members who are in the process of becoming naturalized U.S. citizens and need financial assistance with…
Asthesummer winds downand cooler temperatures prevail,get ready fora busy fallpaymentsseason.Personal consumption expenditures rose by 1% in June, as businessesreopened,and consumersactivated theirlong-delayedtravel, diningand entertainmentplans.As the economic recovery continues, we are anticipatingan…
What’s the impact on digital fraud as countries ease COVID-19 lockdown restrictions? We recently analyzed billions of transactions in our flagship identity proofing, risk-based authentication and fraud analytics solution suite…
Machine learning is a subset of artificial intelligence that allows computers to “learn” from data without explicit programming from humans. In financial services, it can transform business processes related to…
The Federal Reserve System published the most recent edition of the Consumer Compliance Outlook at the end of July. The edition contained the usual content, which includes updates from regulators,…
CUNA wrote in strong support of an amendment to the Senate Budget Resolution that would block expanding taxpayer information reporting requirements for financial institutions. The amendment was offered by Sen.…
Total consumer credit rose 10.6 percent, at a seasonally-adjusted, annualized rate, in June and is up 4.2 percent versus a year ago. Revolving credit, which is primarily credit cards, rose…
In the early 1980s, James Dyson was frustrated with vacuum cleaners. They were clunky, thoughtlessly designed, antagonistic to the user and often didn’t work properly. They made the hassle of…
When COVID-19 first made its appearance, it affected every part of our lives, including our financial health and well-being. The pandemic also caused a monumental pivot on how we conducted…
PenFed’s 2020 Annual Report is a wealth of detail especially in the auditor’s report. Page 53 footnote 9 lists the $542 million net, of property and equipment purchases owned by…
Having young credit union professionals serve as board members at another, non-competing credit union is a huge win-win-win. The first win is that young professionals learn key skills from board…
Despite the advantages of cloud computing, many organizations still choose to keep some of their data, computing power, and services on-premises. Whether to maintain compliance with industry standards, speed up…
As we’ve blogged about previously, Juneteenth (officially known as “Juneteenth National Independence Day”), which is celebrated every year on June 19th, became an official federal holiday when President Biden signed…