Syndicated

It may surprise you to learn that a shift in preferred payment method occurred over the past year, where people of all ages are now reaching to pay with debit…

On October 29th, the USDA issued interim final rules providing a framework for the legal protection and distribution of hemp in states that choose to legalize it. The long awaited…

The Federal Financial Institutions Examination Council (FFIEC) in September released HMDA data for 5,683 U.S. financial institutions on 12.9 million home loan applications in 2018. The report includes 48 data…

Who is really setting your financial institution’s strategic direction? You may think it’s top management and the board, and you may even think that the marketing function is exercising some…

For several years now, most credit unions have used social media to bring in new members and engage existing ones. However, new changes to business accounts and advertising might affect…

The Consumer Financial Protection Bureau and other federal agencies have announced thresholds for certain regulations for 2020. This includes for higher-priced mortgage loans made during calendar year 2020 and Regulations…

Despite a General Motors strike that depressed the month's numbers, October's "job report was a solid one which supports [last] week's Fed decision of a hawkish rate cut," said NAFCU…

In recent years, credit unions have been dedicating more assets to split-dollar life insurance arrangements to reward and retain top executives. According to National Credit Union Administration 5300 data, assets…

In 2013, the FBI arrested Molly Bloom and confiscated her assets due to illegal activities related to her poker business. In 2018, she attended the Academy Awards after her bestselling…

Only 5% of credit union CEOs are people of color. If one out of every 10 people on an organization’s leadership team is female, 45% of men believe women are…

When you need some money to make it to your next paycheck, you can always call on Dave. If you need budgeting help, reach out to Brigit. And for a…

When considering a field of membership expansion, you may run into an overlap with another credit union's field of membership. Depending upon your charter type, you may need to submit…

The conventional wisdom about first impressions is true, especially in digital channels. These digital first impressions are particularly tricky for financial institutions that are courting small businesses—because small business account…

A few months ago, we blogged about the scope of Regulation Z’s student loans rule and advertising student loans. In this blog, I will cover the fair lending implications of…

Going into 2020 credit union marketers find themselves with an expanding list of missions to accomplish and a marketing shopping list that just seems to grow longer. As a follow-up…

Competitive forces in the payments and financial services sector have driven two key trends in the U.S.: the acceleration of payments, and the adoption of open banking frameworks. Both are…

The credit union movement is full of unsung professionals who devote their talent to shaping a brighter future for members and their community. Credit Union Magazine’s Credit Union Hero Award…

The NCUA in October issued two prohibition notices, which bar individuals previously associated with credit unions from any future participation in the affairs of a federallyinsured financial institution. Violation of…

When Sterling Nielsen started as CEO of Mountain America Credit Union on Nov. 1, 2008, the credit union—like the economy—was in trouble. Not only did Nielsen help the CU power…

More than five years after a Texas credit union was involuntarily liquidated, federal prosecutors are alleging that the former vice president of lending and five other persons ran a $2.2…

We have discussed check fraud and concepts from the UCC here and here over the past couple of months. While the UCC does not contemplate every check fraud scenario that…

It seems that rarely a day goes by that we don’t catch wind of a case of identity theft. According to an estimate by the FTC1, around nine million Americans’…

One of the biggest competitive differentiators credit unions can leverage against big banks and fintech “challenger” banks is not a new product type or techy: it’s free checking! In 2017,…

Growth and relevance in the business world require companies to adapt to trends and find new opportunities to meet their members' or customers' needs. The changes required to stay successful…