The Secure and Fair Enforcement (SAFE) Banking Act can be modified to address most of is generally consistent with Senate Banking Chair Sen. Mike Crapo’s (R-Idaho) concerns in a manner…
CFPB Director Kathy Kraninger – during a House Financial Services Committee hearing to review the bureau Thursday – reinforced her position to no longer defend the bureau's single-director structure in…
In recent times, many credit unions have wondered if they are truly serving the people they were originally created to serve—local communities, people with such common bonds as an employer…
When NCUA eventually sells its portfolio of medallion loans, will the medallion crisis facing credit unions be over? Sources are split on that answer, with one expert saying the worst…
In spite of a strong economy, lenders need to be ready to recoup their investments. The good news? Strong growth in the U.S. economy has the auto industry reaping the…
Have you ever walked through the office and heard someone complain about a meeting they had to go to? What about you – how many times have you resented having…
Two European giants in the payments space are set to combine to create the industry’s fourth-largest player. France’s Worldline said it would buy domestic rival Ingenico in a deal consisting…
We've all been there – wherever there is. Those times we find ourselves away from home, on a business trip, or vacation, or just lost and too proud to ask…
Platform “ecosystems,” once the exclusive domain of key direct-to-consumer players like Amazon and Google, are set to have a significant impact on retail banking institutions. Banks and credit unions need…
While credit unions support efforts to rein in high-cost loan products that aren’t consumer-friendly, it warned against overly prescriptive rules that could hamper availability of safe and affordable credit union…
Continuing NAFCU's credit union priorities push for the new year, association President and CEO Dan Berger and Vice President of Legislative Affairs Brad Thaler were on Capitol Hill Wednesday to…
While he’s most famously known for saying “None of us is as smart as all of us,” best-selling author Ken Blanchard penned another quote that’s always been a favorite of…
One expert is warning extending auto loan terms could be even riskier in 2020 should depreciation rates on used cars return to more normal levels, putting borrowers even deeper into…
Strategic planning is one of my all-time favorite activities. There is nothing better than getting management teams and boards offsite, out of their routines, and thinking about the future. As…
Cyber crime is a clear and present danger. Most, if not all, organizations take precautions to avoid loss from traditional robberies or theft, but may not give cyber security a…
How many people attend your credit union or bank’s strategic planning session? Ten? Twelve? More? Regardless of the number of voices, have you ever paused to really consider just how…
There’s nothing artificial about the intelligenceFirst Financial Federal Credit Union($1.0B, Lutherville, MD) is applying to the new loan decisioning solution the credit union has created in-house. The Baltimore-area cooperative is…
NCUA’s latest Letter to Credit Unions (20-03) outlines submission of 2019 Home Mortgage Disclosure Act (HMDA) data. Credit unions located in metropolitan areas that engage in certain types and volume…
Total vehicle sales increased to a rate of 16.8 million annualized units in January – up 0.8 percent from last year. Of note, strong light truck sales beat expectations and…
The tech revolution in financial services continues to evolve, coaxing organizations to change and grow along with it. The new year and decade will present the industry with fresh challenges…
The Credit Union National Association, a major lobbyist and trade association for credit unions, is recovering after its systems were knocked offline earlier this week following a “cyber incident.” CUNA,…
As digital tools become a more integral part of our daily lives, the days of doing business strictly in person are becoming a thing of the past. The best way…
According to a global survey of managers and executives conducted byMIT Sloan Management Reviewand Deloitte, close to 90% of executives anticipated that their industries would be disrupted by digital trends…
As part of a recent appropriations bill, Congress extended the National Flood Insurance Program (NFIP) to September 30, 2020!The National Flood Insurance Act of 1968 (NFIA), as amended and implemented…