CFPB proposes delay to QM Rule changes; Compliance School kick off
In December 2020, the CFPB finalized two changes to the qualified mortgage (QM) rule (we blogged about these rules here and here). These rules, in part, changed the definition of…
In December 2020, the CFPB finalized two changes to the qualified mortgage (QM) rule (we blogged about these rules here and here). These rules, in part, changed the definition of…
NCUAis hosting a webinar on March 24 about potential areas of credit risk resulting from the COVID-19 pandemic. “COVID-19 has had a significant impact on the economy, credit unions, and…
Representatives from NAFCU-member credit unions, including Kinecta Federal Credit Union, Schools First Federal Credit Union, and California Credit Union, Thursday joined members of the association's advocacy team to offer industry…
Wellness and diversity, equity and inclusion are having a much-needed moment. While in recent years these programs have become a more accepted and expected part of the workplace, the COVID-19…
Happy Friday and happy birthday weekend to me! I will be accepting snacks and hand written cards all weekend! But before we celebrate, today’s blog is dedicated to a few…
When CSI asked bankers to identify the one issue that would most affect the financial industry in 2021, cybersecurity was the clear winner. With 34% of the vote, it far…
Making the decision to outsource some or all of your financial institution's collections work is no easy task. Even when you recognize that your internal staff does not have the…
We've reached the one-year mark on the coronavirus pandemic. For the past 12 months, my organization has worked remotely – like many of yours, I'm sure – and while I…
The National Association of Latino Credit Unions and Professionals (NLCUP) congratulates the Board of Directors of the Credit Union Association of New Mexico for the naming of Juan Fernandez Ceballos…
Ahead of a House Appropriations subcommittee oversight hearing today on the U.S. Postal Service (USPS), NAFCU's Brad Thaler reiterated the association's concerns with postal banking and argued credit unions are…
I recently had a first-time asset/liability committee meeting with a new client. The meeting was scheduled for 90 minutes, with the idea it would give us enough time to establish…
Four years ago, I was forced to attend a one-hour workshop at my high school. The teacher walked in and started droning on: “Today, we’ll learn about budgeting, saving, and…
The pandemic has quickly pushed the payments world toward the direction of “hands-off.” The rise of contactless payments and digital banking will attest to that. But that doesn’t mean banks…
February was another great month for DCUC! We enjoyed broadcasting our successful Defense Matters Forum. We were featured in the opening session of the CUNA GAC. We sponsored the NCUF…
Normally, it can be difficult to recognize major societal shifts as they’re happening. The smartphone revolution, for example, evolved as cell phone technology improved in the early 2000s. As a…
Effectivestrategic planningevents are one of the main differentiators between underperforming credit unions and healthy, growing credit unions. However, making an event effective requires more than simply showing up and putting…
Zogo, a gamified financial literacy app that helps credit unions educate, engage and attract Gen Z, has been selected as the newest CUNA Strategic Services (CSS) alliance provider. The collaboration…
Ahead of a House Small Business Committeehearing to examine the Small Business Administration's (SBA) paycheck protection program (PPP), NAFCU's Brad Thaler outlined the ways credit unions have helped their communities…
A few months after I was promoted to director of human resources, my vice president called me into her office to discuss my new role. She noticed I was still…
In a year that presented no shortage of economic uncertainties, credit unions that paid out dividends and rebates had to do so while balancing the tradition against their own financial…
United Solutions' My Picture Card program gives your members the ability to display their favorite picture on their credit, debit or ATM card!
The regulatory landscape surrounding cancelled ancillary products is changing. The risk of class-action lawsuits is starting to raise the stakes for credit unions, especially those active in indirect auto lending.…
Like just about every other conceivable organization, credit unions across the country felt economic, operational, and social impacts in 2020. The pandemic took its toll on credit unions, as we…
Like the start of any relationship, the beginning of a credit union’s relationship with a member is full of hope and optimism. Unfortunately, things don’t always work out as planned.…