Syndicated
Theft results in merger and, ultimately, lifetime NCUA ban for Texas woman
It’s been a busy week for theNational Credit Union Administration. Among other actions, the regulator this week banned four former credit union employees from working at any federally insured institution.…
Advocacy means taking nothing for granted
This week saw a troubling example that despite the undeniable benefits of the credit union tax status, key policymakers still might be unclear on the mission and nature of credit…
Fresh data insights for personalized banking experiences
To stay competitive, banks and credit unions must master the ability to personalize marketing and product offerings on their digital channels.Data insightsempower financial institutions to understand their account holders on…
Steer clear of cyber fraud while shopping online
The Federal Bureau of Investigation (FBI) received more than 880,000 cybercrime complaints from the public in 2023, marking a 10% increase from 2022. The total losses surged to $12.5 billion,…
Fed seen on course for rate cuts after weak jobs data
Any doubts the Federal Reserve will go ahead with an interest-rate cut next week fell away on Friday after a government report showed U.S. employers added fewer workers in October…
Financial and payments inclusion the focus of upcoming virtual Cleveland Fed session
Credit unions are invited to hear from a virtual panel of experts examining new Federal Reserve research on existing barriers to financial inclusion and the importance of trust in financial…
The economy is going great, except for one huge problem
Amid a recent spate of data showing the economy humming along smoothly, one sector has consistently stayed out of whack and it’s a big one: housing. On Thursday, a report…
Don’t get spooked: Top cybersecurity practices for FIs
Malicious hacks, cybercrimes, compliance—information security priorities are ongoing and ever-evolving. But there’s no need to get spooked by these looming threats. October is Cybersecurity Awareness Month, and the Cybersecurity and…
The DOJ-Visa suit: Does it mean the end of free checking?
In early October, the U.S. Department of Justice (DOJ) filed an antitrust lawsuit against Visa, calling into question how it retained and gained debit card market share in the post-Durbin…
CFPB orders VyStar Credit Union to pay $1.5 million for illegally stranding consumers from accessing their money and accounts
Today, the Consumer Financial Protection Bureau (CFPB) took action against VyStar Credit Union for harming consumers through its botched rollout of a new online banking system. In May 2022, VyStar…
Malvertising is the spooky threat NCUA wants you to know about
Cybersecurity month may be drawing to a close soon, but awareness and diligence of cyber threats is a year-long effort. In October 2024, National Credit Union Administration Chairman Todd Harper…
Credit unions engage in Treasury roundtable addressing hurricane relief efforts
Credit unions and America’s Credit Unions joined other lenders in sharing efforts to help consumers and businesses affected by recent hurricanes at a U.S. Treasury roundtable held Wednesday. Officials and…
New CFPB rule strengthens consumer data rights
On October 22, 2024, the Consumer Financial Protection Bureau (CFPB) finalized thePersonal Financial Data Rights Rule. This rule gives consumers greater control over their personal financial data, requiring financial institutions,…
Growing into your leadership role with guest Christie Smith
Join me for episode 28 of The Accidental Leader in which I have an insightful conversation with Christie Smith, CEO of Acclaim Federal Credit Union in Greensboro, North Carolina! Christie…
Are these 3 outdated practices haunting your credit union?
Technology has been rapidly advancing for years – if your credit union doesn’t keep up with these advancements, you may find yourself haunted by out-of-date tech. Are any of these…
The finalized 1033 rule: A threat to credit unions and military families
The Consumer Financial Protection Bureau recently finalized its 1033 rule, mandating that financial institutions provideconsumerswith greater access to their financial data, and allow them to share that data with third-partyfinancial…
GDP: US economy grows at slower-than-expected pace in third quarter as inflation falls
The US economy grew at a slightly less rapid pace than economists had expected in the third quarter. The Bureau of Economic Analysis'sadvance estimate of third quarter US gross domestic…
Nussle, Mellin push back on NY representative’s call for credit union hearing
The New York Credit Union Association and America’s Credit Unionsjoined together to respond swiftlyto statements made by Rep. Claudia Tenney, R-N.Y., at the American Bankers Association annual conference, where she…
NCUA board holds open meeting, receives briefings on cybersecurity and new charters
The National Credit Union Administration held its seventh open meeting of 2024 on October 24, during which they received briefs from three departments: the Office of Examination and Insurance, the…
5 things banking marketers should consider before responding to Fed rate cuts
Now that the U.S. Federal Reserve has finally started to cut interest rates to achieve an economic soft landing, expect activity to ramp up at banks and credit unions as…
Wall Street bosses are more worried about inflation than the US election
Some of the top figures on Wall Street sound more concerned about the persistence of inflation than the occupant of the Oval Office in 2025. "I do believe we have…
Your student loans don’t have to weigh you down: Learn more about refinancing
Student loans can feel like a heavy financial burden for many college graduates. With the rising costs of education, millions of people face years of repayment that can limit their…
Would your credit union be missed?
One question I like to ask in strategic planning sessions is this: “If your credit union went away today, would your members truly miss you and mourn the loss of…