Pressures on noninterest income are leading finance leaders to seek out new revenue opportunities, says Jeremy Zager, chief financial officer at $2.3 billion assetDort Financial Credit Unionin Grand Blanc, Mich.…
A nearby house fire caused by the lack of fireproofing might prompt a family to install fire-resistant materials inside their house, update smoke detectors and sprinklers, and perform recurring maintenance…
The temporary reprieve from credit card late fee limits proposed by the Consumer Financial Protection Bureau hangs on a very thin thread. The eleventh-hour decision on May 10 by the…
A Texas district court Friday issued apreliminary injunctionto stop the CFPB’s credit card late fees rule from taking effect this week. The CFPB finalized the rule in March, capping credit…
Regulatory overreach is a barrier between credit unions and members This week we brought the unified credit union voice to two important hearings in Washington, D.C., as we continue to…
U.S. Treasury Secretary Janet Yellen on Friday called for Congress to give regulators more power to oversee the growing nonbank mortgage industry, which she said presented unique risks to financial…
The Dow eked out its eighth straight session of gains on Friday and closed out its best week of the year as US stocks finished the day mostly in the…
It’s a volatile time in the banking sector. One example is themulti-year crackdownby the SEC scrutinizing non-compliant customer and member communications via employees’ personal texts and WhatsApp messages. The ongoing…
What is data-driven recruitment? Hiring the wrong person for the job is a costly and time-consuming decision. Data-driven recruitment allows us to measure the effectiveness of our hiring processes and…
Tune in to this episode for a discussion on the current cybersecurity and compliance landscape confronting financial institutions today. Our host, Jami Jennings, VisiFI’s Vice President of Digital Product Management…
Recent regulatory actions have credit unions facing a “tidal wave” of burdens and restrictions, Afena Federal Credit Union President/CEO Karen Madrytold the Senate Banking Committee in testimonyThursday. Madry testified on…
Two months ago, I was on a flight from Washington D.C. to North Carolina to work with a client. Just before takeoff, the pilot announced over the intercom, “Um, so…
Regular listeners know that a pet peeve of mine is how poorly most credit unions market. And then I discoveredBo McDonald, founder and CEO of Your Marketing Co.where the focus…
On the eve of MeridianLink®LIVE! in Nashville, our Executive Summit gathered a record number of industry executives, innovators, and experts for an afternoon and evening of insightful dialogue, peer connection,…
Stocks have rebounded from a rough April, led by two sectors that typically outperform when the economy is in a downturn. Since April 16, around when the S&P 500 (^GSPC)…
When it comes to building financial health, there are three fundamental concepts intrinsic to a customer’s journey: math, money and data. Whether a potential customer is fresh out of college…
The number of Americans filing new claims for unemployment benefits rose last week to the highest level in more than eight months, further evidence that the labor market was cooling.…
America’s Credit Unions President/CEO Jim Nussle stressed credit unions’ support of a strong national data security and privacy standard in aletter to the Senate Commerce Committee Subcommittee on Consumer Protection,…
On April 23, 2024, the Department of Labor (DOL) issued the final version of a regulation that would change the definition of "fiduciary" under the Employee Retirement Income Security Act…
It’s no secret that many Americans are struggling to repay their student debt. According to theU.S. Department of Education, in March 2023, about 44 million U.S. borrowers collectively owed more…
Depending on which experts you believe, the prevalence of racial and ethnic bias in the property appraisal business is either rampant or entirely overblown by politicians and the media. The…
We build on foundations we did not lay. We warm ourselves by fires we did not light. We sit in the shade of trees we did not plant. We drink…
The timeline to replenish Social Security is being extended. The federal retirement program said Monday it may not need to cut benefits until 2035, one year later than previously forecast,…
I just about missed it, the news of a regional bank failure and subsequent takeover by another bank at the tail end of April. Yes, it really happened! (You can…