The Treasury Department Tuesdayannouncedthe fiscal year 2022 application round for the Community Development Financial Institutions (CDFI) Fund and Native American CDFI Assistance (NACA) program closed with 719 organizations from across…
LGBTQ+ Americans are experiencing economic distress at a higher rate than their straight and cisgender peers, according toAugust 2021 datafrom the U.S. Census Bureau. Overall, about 13.1% of LGBT adults…
Your credit union or community bank is constantly chasing younger demographics – Gen Zers, Millennials and growing families. And you’re right to do so if you want to grow loan…
“It happens every time. They all become blueberries.” – Willie Wonka This Tuesday morning, the Frankfurt offices of Deutsche Bank and DWS, the asset manager owned (80%) by Deutsche Bank,…
Committees in both the House and Senate are scheduled to mark up their annual defense authorization bills in the next two weeks—annual events that inevitably cause a flare up of…
As leaders, it’s important to remember that there will be times for success, and there will be times for failures. That’s life. However, there’s always aspects of leadership that leaders…
It can be a struggle for boards and other stakeholders to consistently connect their organization’s actions and measures of success to its strategy. Sometimes the strategy that was decided on…
The Global Women’s Leadership Network (GWLN) awarded four scholarships to credit union industry women in May. As official GLWN members, they are provided with opportunities for professional development, networking and…
For years, NAFCU has staunchly opposed Section 1075 of the Dodd-Frank Act that established an arbitrary debit interchange fee cap and new routing requirements for debit cards. Coined the ‘Durbin…
Imposter syndrome. The confidence gap. For many women, these are all-too-familiar phrases. Even in an industry filled with accomplished, talented women, many of us admit to feelings of self-doubt that…
Have you ever been afraid to take out a loan? Have you ever put experience ahead of price? Yeah, us too. It all comes back to that human element that…
When a transaction exceeds the amount in the consumer’s account, financial institutions can allow the transaction to go through for a fee, called an overdraft fee. This is also often…
TheConsumer Financial Protection Bureau(CFPB)’s decision to establish supervisory powers over nonbank financial institutions will level the playing field and subject those companies to much-needed scrutiny, credit union trade groups informed…
According to CUNA’sAbigail Truhart’s piece inCUNA Newsrecently, the beating heart of the credit union movement and mission is standing up to inequities through financial inclusion. That message should be trumpeted…
The cost of living is going up. TheBureau of Labor Statistics’ (BLS) April Consumer Price Index (CPI)rose 8.3% over the past year, higher than consensus estimates. From food, to energy,…
CUNA Chief Economist Mike Schenk discusses the overall health of the economy, the Federal Reserve’s next steps, and the stock market in the latestEconomic Update. “If you forced me to…
President Joe Biden Monday published aWall Street Journal op-edoutlining a plan to both lower costs for American consumers and tackle looming inflation concerns. Citing a multitude of challenges including the…
Whether they serve anyone in a branch of the U.S. armed services, employees of a single company or several enterprises, or those who live, work or worship in a small…
Its timing and San Francisco backdrop provided an added dimension to last week’s Finovate Spring conference. A procession of seven-minute demos from 52 fintech innovators remained the main attraction at…
There’s no shortage of statistics that tell you that in this age of digital transformation, members and prospective members are often ahead of credit unions in the adoption of digital…
Organizations are working relentlessly to make the customer experience at every touchpoint of a transaction as seamless as possible. And the conversation around AI has intrinsically correlated itself with intuitive,…
We’re all taught to stop, drop, and roll when it comes to catching fire, but we’re not always taught to stop and freeze all collection activity when it comes to…
The Treasury Department had good news and bad news for theCommunity Development Financial Institutions (CDFI) programon Tuesday. The good news: the program is growing in popularity, with 719 organizations applying…
CUNA appreciates the Consumer Financial Protection Bureau (CFPB) bolstering its oversight of nonbanks in consumer financial services, it said incomments filed Tuesday. The CFPB issued a procedural rule amending the…