Following the paycheck protection program's (PPP) extension to May 31, the Small Business Administration (SBA) has issued a new procedural notice for first-draw PPP borrowers seeking a loan increase. The…
Today many credit unions don’t think it even matters that they are financial cooperatives. Sure, they may put something like this on their website: “We are a not-for-profit financial institution…
Is the world more connected today than it was 12 months ago? We’ve adopted Zoom calls and digital services at a rate many times faster than any previous year. Yet,…
Every generation has a sound that defines its era. Whether it’s Jimi Hendrix’s guitar playing on the Woodstock stage during the Summer of Love, Video Killed the Radio Star blasting…
Almost two years ago, the Credit Union system came together to form the CU DEI Collective, an organization devoted to advancing Diversity, Equity and Inclusion (DEI) in our industry. As…
Law firms are targeting community banks and credit unions for their overdraft practices. While regulatory changes have been few in recent years, litigation is increasingly putting pressure on banking practices.…
The widespread economic challenges resulting from the pandemic have proven that most people aren’t planning for their financial futures in terms of years but rather in weeks or even days.…
Technology is an enabler for all businesses and when implemented effectively, can do everything from protecting businesses from cyber threats to providing actionable data insights to grow. Nowhere is this…
Five years ago,Clearwater Federal Credit Union($752.8M, Missoula, MT) was feeling the pressures of a mid-size shop. It wasn’t quite large enough to operate at scale, and its growth was limited…
The Federal Housing Finance Agency (FHFA) announced Wednesdaythat Fannie Mae and Freddie Mac (the Enterprises) will extend some temporary loan origination flexibilities until May 31, 2021. All temporary flexibilities were…
Lenders are continuing to get small businesses access to credit through the Small Business Administration's (SBA) paycheck protection program (PPP). According to new data released by the agency, roughly $8…
There are two things that leaders must do if they want to lead an innovative, resilient and future-focused organization: Be a creative leader and be creative. 1. Be a Creative…
Often the talent an organization seeks can be found in an employee who is already working for the organization. The key is to create a strategy that develops, engages, and…
Rising cyber risks, the explosion of data and remote workforces have exposed significant risks in aging infrastructures across midmarket businesses and put many IT organizations in defense mode. At the…
The credit union industry looks very different now than it did twenty years ago. At that time, it would have been hard to imagine remote deposit capture, peer-to-peer payments, or…
Last week, Acting CFPB Director David Uejio signed off on the agency’s annual fair lending report. The report explains that due to the ongoing effects of the pandemic, many people…
Last Wednesday, cryptocurrency exchange creator Coinbase launched its highly anticipated direct stock offering (as opposed to a traditional initial public offering) to great success and excitement. As cryptocurrencies like Bitcoin…
We recently had a conversation withWhitney Loeto discuss the future of retail banking, digital transformation, and the role of people in banking. As Director of Business Development at Ignite Sales,…
When it comes to paying off your credit card balances, you have multiple options. It can be tempting to only pay the minimum. Why pay more if you don’t have…
Navigating through change is challenging, especially during times of global uncertainty. As we move through 2021, implementing successful organizational change efforts and supporting our teams along the way are paramount…
The House passed the CUNA-supported Secure and Fair Enforcement (SAFE) Banking Act Monday in a bipartisan 321-101 vote. The bill would provide protections to financial institutions that serve state legal…
The CFPB Monday issued an interim final rule (IFR) that requires debt collectors to provide tenants with written notice of their rights under the eviction moratorium issued by the Centers…
It’s been a little over a year since the COVID-19 pandemic disrupted our lives on a scale that most of us had never experienced before. The events of 2020 prompted…
What is guaranteed asset protection (GAP)? Guaranteed asset protection coverage has one purpose: to protect the investment you made in your vehicle in the worst-case scenario: if your car is…