Class action lawsuits against large, well-known lenders are bringing increased attention to ancillary product refunds (like GAP, Tire & Wheel, and AD&D.) Despite the many challenges of managing these product…
More than 25% of respondents to a recentGOBankingRates surveysaid theydid all their banking online. While some use the digital tools that brick-and-mortar banks provide, others choose accounts at digital banks.…
If you can’t keep track of the efforts to kill the Consumer Financial Protection Bureau’s final rule limiting many credit card late fees to $8, don’t feel bad. Opponents of…
The Treasury’s Financial Crimes Enforcement Network (FinCEN) issued aFinancial Trend Analysisfocusing on patterns and trends identified in Bank Secrecy Act (BSA) data linked to Elder Financial Exploitation (EFE) – the…
The pandemic forced a near-overnight explosion of digital commerce. Four years later, there’s not much we can’t do online. Even fairly involved tasks, like seeing a doctor or renewing a…
Credit union overdraft and Nonsufficient Fee income should not be publicly disclosed because it is confidential business information and is exempt from the Freedom of Information Act, America’s Credit Unions…
You’ve likely seen headlines about how America has a savings problem. Many Americans couldn’t even put together $1,000 to pay off an emergency expense, and most are coming up short…
JPMorgan Chase (JPM) CEO Jamie Dimon is concerned the US economy could be in for a repeat of the problems that hampered the country during the 1970s. "Yes, I think…
I’ve seen two extremes in my fifteen plus years in the credit union movement. I’ve seen credit union leaders so paralyzed by fear of change that their credit union dies…
In 2005, George W. Bush was President and the BlackBerry was the cool handheld. The iPhone would not debut until 2007. The financial crisis was still on the horizon, and…
The Federal Communications Commission (FCC) should reject a request to require an automated opt-out mechanism on every call with an artificial or prerecorded message, including those made to cell phones,…
Carlene Alexander, VP/DEIB & global diversity officer atUnited Nations Federal Credit Union, is responsible for using a DEIB lens to develop and implement its workforce, workplace and marketplace initiatives. The…
Tesla recently reached a settlement over the 2018 crash that killed a driver while he was operating his car on autopilot. Tesla’s position is that it’s the driver, not the…
I’m afraid I must rant again about NCUA’s management of the NCUSIF investment portfolio. From the most recently posted financials as of February 2024, the Investment Committee appears to have…
With the rise of online retail, the influence of social media, and the impact of inflation, the traditional banking experience has undergone a profound transformation. Customers expect nothing short of…
The Financial Crimes Enforcement Network’s requirements that credit unions and banks file Suspicious Activity Reports (SARs) for transactions exceeding $5,000 are burdensome and out of date, credit union trade groups…
Innovation often comes with some disagreement. It's crucial to have employees who can voice alternative, and potentially better, ideas. But how can you best show your team vulnerability and instill…
While U.S. financial markets debate the timing of interest rate cuts, one tail-risk hedge fund is warning that investors should make the most of recent economic optimism while it lasts,…
Members of the House of Representatives are scheduled to be back in their districts this week after passing a foreign aid supplemental appropriations package over the weekend, while the Senate…
For many, a nagging sense of worry about bills, debt and the elusive security of "enough" hangs heavy in the air. This financial stress, as studies by theAmerican Psychological Associationhave…
Banks and credit unions used to be distinct: Banks had the wider product range. Credit unions were more community-focused. But the lines have blurred, weakening credit unions’ edge. Between 2014…
Building your credit union a new website or modifying your existing website can be a daunting task. Whether you followtrends in the industryor studywhere you should place your effort, there…
Deciding to attend college comes with anticipation, excitement, and unfortunately, stress — especially when it comes to paying for your higher education. For this year’s college-bound students and their families,…
America’s Credit Unions’ advocacy team was on Capitol Hill Thursday for an event celebrating April as Financial Capability Month. Credit unions do so much to support the financial well-being and…