Syndicated

Leadership is all about steering your team and organization in the right direction. You set the vision, culture, and expectations for your employees to thrive in their roles. But how…

Basics of the market Created in 1792 on Wall Street, the first major U.S. stock exchange was the New York Stock & Exchange Board (now known as the New York…

The Consumer Financial Protection Bureau (CFPB) should quickly finalize its proposal amending the Remittance Rule and to exercise its authority to permit compliance flexibility for remittances sent to individuals in…

On a seasonally-adjusted basis, overall consumer prices increased 0.1 percent in February, matching January's growth. The Bureau of Labor Statistics reported that the overall consumer price index (CPI) grew 2.3…

Following the financial crisis, the importance of having a prudent asset/liability management committee in place became abundantly clear. The Fed’s recent emergency rate cut in response to the coronavirus’s risk…

While reports this year have indicated digital wallets are finally gaining some real traction with consumers, a new study suggests those gains may be short lived if certain obstacles can’t…

In the past 10 years, TwinStar Credit Union($1.5B, Olympia, WA) has more than doubled in asset size. It also has added 55,000 members and crossed the state line into Oregon.…

COVID-19! Coronavirus! Pandemic! Bear market! Breathe. In a well-ventilated and cleaned area. Away from everyone else. Now wash your hands. Whew. You’re exhausted from it all. I get it. We…

As the coronavirus pandemicspreads around the world, hundreds of our readers across the nation have asked us questions about COVID-19. To answer many of your concerns – What are the…

In a 2019 National Association for Business Economics survey of economists, 72% of respondents predicted a recession would occur by the end of 2021. More than half said they think…

NACHA issued an Operations Bulletin this week reminding financial institutions of the importance of reviewing their business continuity plans to ensure that they are prepared to maintain ACH payment processing…

CFPB Director Kathy Kraninger, while testifying before the Senate Banking Committee Tuesday, provided updates on efforts related to amending the definition of a qualified mortgage (QM) and potential expiration of…

In February 2016, I was in Scottsdale, Arizona, for a week of training with my mentor, Jack Canfield. Jack was sharing his principles for success, and in one segment, he…

The housing shortage continues to plague the market. Many credit union members need affordable housing options, yet few exist. These members are stuck with increasing living expenses, a need to…

A little while ago, NAFCU blogged about the NCUA’s business continuity planning guidance and the Federal Financial Institutions Examination Council’s (FFIEC’s) 2007 Pandemic Planning Guidance. In light of the spread…

On oversized Post-It Notes in board rooms all over the country you’ll often see something about the need to develop young leaders. But as the old Scottish proverb goes, If…

The Consumer Financial Protection Bureau’s (CFPB) execution of its regulatory agenda should ensure credit unions are able to provide efficient, safe and affordable products and services, CUNA wrote to the…

In the wake of the coronavirus, the Federal Financial Institutions Examination Council (FFIEC) last week released pandemic preparedness guidance to help financial institutions address risks and minimize negative impacts of…

Payment card data breaches, in which credit and/or debit card information is stolen from a third-party, have been occurring at an alarming frequency the last several years. According to the…

Good investments pay for themselves over time. Ultimately, the goal is that investments add value. Yet some aspects of banking and banking technology present very low or negative returns on…

Digital identity solutions are becoming more and more commonplace, especially as consumers grow increasingly aware of the weaknesses of authentication methods like passwords. A recent study found 32 percent of…

The news concerning the possible spread of the novel coronavirus (COVID-19) in the United States can be unsettling. While the full domestic impact remains to be seen, credit unions can…

Three years ago, Affinity Federal Credit Union($3.5B, Basking Ridge, NJ) was looking for a holistic way to grade member engagement. Traditional models — namely, the Net Promoter Score (NPS) metric…

A little-noticed announcement could mark the beginning of the end of one of banking’s most enduring truisms: that traditional institutions are hampered by legacy systems. Two community banks are now…