Syndicated

CUNA supports supposed the proposed delay of the compliance date for the Consumer Financial Protection Bureau’s (CFPB) payday lending rule, but also supports a delay of the entire rule, it…

NAFCU met at the Treasury Department Friday to discuss housing finance reform efforts happening on Capitol Hill as well as credit union priorities for reform. The association has led efforts…

As I look back over my career, it’s pretty clear that there are significant reasons why it helps to be a depository lender—one that takes in deposits and uses them…

Although former credit union CEO Saundra Torrence originally faced 33 felony counts of embezzlement, theft, fraud and making false entries, she pleaded guilty to only one felony charge for which…

2019 will see big changes in the payments ecosystem driven by the upsurge of mobile payments, new reward schemes and fintech-banking partnerships. These changes will help financial organizations cater to…

My first job was with Estée Lauder. Well, my first real job—the 40-hour-a-week, punch-a-time-card, wear-a-uniform kind of job. That’s right, a uniform complete with the mandatory 2.5-inch heels. (Yes, seriously.)…

Greetings Compliance Friends! We are excited to kick off our Spring Regulatory Compliance School this week! For those missing out, there is no need to fear as the NAFCU Compliance…

As leaders in the mortgage lending industry, we have the distinct privilege of working directly with key decision makers at lending institutions to learn about their challenges and provide solutions.…

Let’s say you open up a business account for a new member. The account is used to hold funds invested in the account holder’s business. You start seeing some suspicious…

Credit unions wrapped up another successful, record-breaking CUNA Governmental Affairs Conference Thursday with the last of their visits to Capitol Hill. During the week credit union advocates visited with every…

The Senate yesterday approved the nominations of Rodney Hood and Todd Harper to serve on the NCUA Board; they were cleared by voice vote. "NAFCU congratulates Rodney Hood and Todd…

Federal prosecutors alleged former Municipal Credit Union CEO Kam Wong, who is awaiting sentencing for stealing nearly $10 million, allegedly “dissipated assets” of nearly $700,000 to avoid the government’s seizure…

Here’s an exercise that may come off as too academic –like a debate over how many angels fit on a pinhead – but is really among the most vital for…

Bringing a new employee on board is a big investment, not only from a salary and benefits perspective, but also the time commitment to train them and get them up…

It’s CU 2.0 Fintech Friday! Today, Chris Otey sits down with CU Student Choice to discuss all things credit union, fintech, and digital innovation. CU Student Choice works with credit…

Normally, employment law and activity by the Department of Labor is not something your NAFCU Regulatory Compliance Team spends much time writing about. Credit union and consumer financial regulation is…

With the unemployment rate below 4%, it’s a tough hiring market right now. Banks and credit unions trolling for top talent to fill increasingly important data analytics, customer experience, and…

Credit unions could be spotted in every single Congressional building on Capitol Hill Wednesday as more than 5,200 credit union leaders visited with elected officials to tell stories about the…

Yesterday, Sen. Elizabeth Warren, D-Mass., released a modified version of her comprehensive housing reform bill, the American Housing and Economic Mobility Act of 2019. While the updated legislation would not…

Even as institutions reported improved financial results last year, CFOs’ confidence in their institutions’ ability to manage the financial impacts of an evolving business environment decreased in 2018, according to…

A former COO will be sentenced in July for embezzling more than $465,000 from a New York credit union. Suzanne Silva, 35, of Carle Place, N.Y., agreed to plead guilty…

The NCUA is now using its own version of the cybersecurity exam required of all financial institutions, and the homework for credit unions ahead of examiner visits can be a…

Ambien and Lunesta have met their match, and its name is Credit Union Compliance. Compliance is a topic at the top of any credit union leader’s mind as there are…

The news is full of predictions that a recession is coming. The truth is that a recession is always coming–eventually. Whether you believe it’s imminent or more distant, it’s important…