Syndicated

The CFPB Tuesday issued a proposed rule to create a new category of seasoned qualified mortgages (QM). Bureau Director Kathy Kraninger announced the proposal during Tuesday's Women in Housing and…

The world is evolving quicker than ever, and financial services are not exempt from these market changes. Over the last several months, credit unions have helped members find new ways…

In June 2020, Filene Research Institute hosted a virtual discussion focused on “The Art & Science of Organization.” This two-day discussion with 150-plus senior credit union leaders focused on new…

COVID-19 continues to introduce new challenges for businesses and consumers. While the second quarter saw small gains in economic recovery, market conditions and unemployment continue to remain depressed compared to…

The National Credit Union Administration granted its first new federal charter of the year to Growing Oaks Federal Credit Union in Goldsby, Oklahoma. “It is always inspiring to see people…

Fall is almost here. While you may still be experiencing 100-degree heat (like those of us in Texas) and the “dog days of August,” Fall (and Fall marketing campaigns) are…

The National Credit Union Administration (NCUA) recently issued a risk alert (20-RISK-02) informing credit unions of the heightened risk of fraud amid the COVID-19 pandemic. The emergency situation we have…

Educators, parents, financial institutions, and other stakeholders can learn more about the financial literacy and consumer financial protection resources available during a webinar hosted by NCUA, the Federal Deposit Insurance…

As NAFCU's award-wining advocacy team continues to closely monitor the election cycle, NAFCU President and CEO Dan Berger Monday shared credit union priorities with President Donald Trump and former Vice…

The COVID-19 pandemic is possibly the most serious challenge credit unions have faced in nearly a century. While credit unions were deemed critical infrastructure and able to remain open for…

After analyzing Treasury Department data on thenumber of jobs savedby credit union lending and publishing an overview of thetop cooperative lenders by state,and nationally, for the Paycheck Protection Program (PPP),…

When purchasing a vehicle, consumers typically have the opportunity to add on additional products to their loan contract. These products are designed to help provide additional protections for the vehicle,…

Ransom is nothing new, as we know from popular culture. It is often depicted as a note in crime shows or Western movies, from a kidnapper demanding payment for the…

Be concise. That’s it. Blog done. No, really: Could you persuade someone to join your credit union in 50 words or less? The average human attention span is just seconds.…

Back to school season is upon us, and this year is shaping up to be radically different. Consumer behaviors have changed significantly since the onset of the pandemic crisis, and…

More than 20 credit union supporters in Alaska, Florida and Wyoming will be on the ballot in Tuesday’s primary elections. Credit union-backed candidates have been successful in more than 97%…

Last week, Federal Reserve Governor Lael Brainard announced a partnership between the Federal Reserve Bank of Boston and researchers at the Massachusetts Institute of Technology in a multiyear effort to…

Around the office over the last months, I’ve pontificated on the long-term impacts on the economy, jobs, industries and various companies from COVID-19. One of the terms I’ve used is…

A digital- and mobile-first mindset was a primary focus for many credit union leaders before COVID-19. The nearly instant flip from branch delivery channel usage to digital has compelled many…

The NAFCU compliance team receives many questions about Regulation B’s adverse action notice requirements. Adverse action notices were included in the National Credit Union Administration’s (NCUA) 2019 supervisory priorities, and…

An overwhelming 96% of banking executives plan to either maintain or increase their technology budget this year, with 64% spending more, according to CSI’s 2020 Banking Priorities Survey. Even with…

Virginia Credit Union($4.3B, Richmond, VA) had to slam the door on in-person classes when COVID-19 came calling, but the Old Dominion cooperative was ready to roll online. Quickly switching to…

CUNA continued its strong opposition to a recently announced Fannie Mae and Freddie Mac fee increase for certain purchased refinanced mortgages. CUNA President/CEO Jim Nussle wrote to Federal Housing Finance…

The NCUA Thursday released a Regulatory Alert for credit unions to provide guidance on the CFPB's Small Dollar Lending Rule. The rule, finalized last month, includes the rescission of mandatory…