CUNA continued its push for Congressional action on data privacy and security Tuesday with letters sent to House and Senate subcommittees for the record of two hearings. The House Oversight…
The state of Pennsylvania is bringing a class-action lawsuit against more than a dozen of the world's biggest financial institutions for allegedly price-fixing bonds issued by government-sponsored enterprises Fannie Mae…
There’s nothing like meeting your hero. For some, that might equate to a football player or a musician or maybe a politician—a well-known celebrity type, whose mere physical presence is…
Most people who complain via social media simply want validation of their experience, says Andrea Parrish, digital marketing assistant manager for STCU in Spokane, Wash. Providing that validation can turn…
The two national trade groups are taking slightly different directions on marijuana banking legislation, as CUNA and the American Bankers Association jointly endorsed House legislation and NAFCU said the issue…
Ditch the plastic? Maybe, but not yet — and maybe not for a while. The world knows by now that Apple has debuted its credit card — the Apple Card…
Over the years, the industry has seen an increase in wire fraud involving funds disbursed from a home equity line of credit (HELOC) loan. The HELOC loan fraud exposures can…
Financial institutions face so many demands for change, that sometimes sitting back and waiting for it all to sort itself out is tempting, especially when profits and return on assets…
In modern years, pioneering businesses have used a range of digital tools, established new business models and delighted their members with higher quality products, lower prices, and frictionless experiences. This…
Total revenue in 2018 for U.S. credit unions grew 12.8% to $74.4 billion, a 3.2-percentage-point acceleration from 2017. Annual income at credit unions has increased 37.4%, or $20.2 billion, since…
In the wake of the longest government shutdown in United States History, 2019 has already seen its share of financial difficulties. Credit unions around the country are doing important work…
The Consumer Financial Protection Bureau (CFPB) released a new Elder Financial Exploitation (EFE) report this month, based on data obtained from Suspicious Activity Reports (SARs) filed between 2013 and 2017.…
NAFCU is offering a webinar April 4 to help further the role of women leaders in the credit union system. By reviewing the challenges that face women leaders, attendees will…
Multiple common bond credit unions have a huge opportunity to grow through adding underserved communities to their fields of membership while also fulfilling their mission. “Underserved community” typically calls up…
Think about the passwords you have set for the dozens of work and personal accounts you access every day. Unfortunately, passwords are a pain to create, reset, and maintain. And,…
Despite a Republican request to delay consideration of the bill, the House Financial Services Committee is still scheduled to mark up legislation Tuesday to ease the way for financial institutions,…
The banking industry is trying to respond to an increasingly turbulent business environment, where legacy leadership and existing cultures are being challenged. Not only do leaders need to articulate a…
At Apple’s “show time” services event today, it announced a new Apple Card credit card, promising to improve things about the credit card experience with simpler applications, no fees, lowering…
I haven’t done of these in a while but I saw so many important issues to bring to your attentionthat here is a quick rundown. As longtime readers of the…
Last week, the Compliance Team hosted our Regulatory Compliance School. Congrats to all the new NCCOs! If you, too, want to become an NCCO, you can join us in Minneapolis…
CAP COM Federal Credit Union($1.8B, Albany, NY) has embarked on a data aggregation and analytics journey, using a three-year roadmap to align staff and systems to better understand what it…
The Department of Labor (DOL) published its proposed overtime rule Friday. Under the proposal, employees with a salary level of $35,308 per year (up from the current $23,660 per year)…
Ten candidates have been selected by the NAFCU Nominating Committee for the four open positions in this year's NAFCU Board elections. Two of the 10 are incumbents. NAFCU member credit…
Meridian Credit Unionhas set—and achieved—ambitious membership growth goals, expanding membership by 8.9 percent in 2018. But even the largest credit union in the province of Ontario has had a hard…