Brazil’s instant payment system Pix has become a global success story in real-time scheme implementation. Launched in late 2020, it reached: 42 billion Pix transactions in 2023 vs. 17.8 billion…
Two Fed officials offered new reassurances Thursday to investors a day after anotherhot inflation reading spooked markets, saying it is still possible that interest rates will be cut this year.…
America’s Credit Unions President/CEO Jim Nussle and Chief Advocacy Officer Carrie Hunt Wednesday met with Federal Communications Commission (FCC) Commissioner Geoffrey Starks to provide the credit union perspective on the…
U.S. stocks tumbled to a lower close on Wednesday after hotter-than-expected inflation data threw cold water on hopes that the Federal Reserve would begin cutting interest rates as early as…
In today's dynamic financial landscape, credit unions face the challenge of meeting the evolving needs and expectations of their members. As technology advances and consumer preferences shift, it's imperative for…
This article has been updated with the latest information regarding the FAFSA and 2024-2025 financial aid timeline. As college students and their families eagerly await their financial aid offers, issues…
Many institutions are submittingconsultation requestsfor community bank and credit union strategic planning sessions this fall. As dates fill up, the conversations become increasingly centered around the calendar…what dates work and…
For many Americans, the dream of owning a home has lookedmore like a nightmarein recent years. Mortgage rates are up, inventory is low, andprices are soaring. Theperfect stormof bad news…
Managing people takes a lot of time, energy and effort. Maximizing the time you spend with employee will help you increase engagement and productivity on your team while ensuring you…
US consumer prices came in hotter than expected in March, according to thelatest datafrom the Bureau of Labor Statistics released Wednesday morning. The Consumer Price Index (CPI) rose 0.4% over…
The CFPB’s proposed annual collection of auto loan data points is beyond the bureau’s statutory authority, America’s Credit Unions and other trade organizations wrote to leaders of the Senate Banking…
It takes hard work and practice to be financially fit. A professional baseball player attends spring training to prepare for the long season ahead. And there are things you can…
Let's talk regulatory compliance. Governing bodies are cracking down on ancillary product refunds and more. Allied's Peter Krall joins us to dissect the regulations and discuss how financial institutions can…
If your credit union is federally insured, have you been paying attention to recent statements coming from NCUA Chairman Harper? The February board meeting included a report on the 2023…
Senate Majority Leader Charles Schumer, D-N.Y., said on Friday that he wants the Senate to tackle marijuana banking legislation during the next few months. “In the weeks and months ahead,…
In today’s rapidly evolving commercial banking landscape, community banks and credit unions face many challenges and opportunities as they strive to meet their business clients’ changing needs and expectations. To…
When a credit union leader says they want to do a short run on a campaign, my initial response is, “Are we swimming or treading water?” Unfortunately, too many credit…
Resolutions to nullify the CFPB’s credit card late fees rule via the Congressional Review Act (CRA) were introduced in the Senate bySen. Tim Scott, R-S.C., andRep. Andy Barr, R-Ky., Monday.…
If you are looking for members with high deposit value and aren't rate sensitive when borrowing, lthen you should be prioritizing your retiring members. That's the message that our sponsored…
On April 8, 2024, a total solar eclipse was visible in parts of the United States. The eclipse clocked in at just over four minutes, but some local governments declareddisaster…
Americans’ outlook for inflation was mixed last month amid expectations for bigger prices rises across a range of key goods and services, as worries about missing debt payments mounted, a…
The aspiration of homeownership has been deeply ingrained in the fabric of American culture. However, for millennials and Gen Z, this aspiration can be frightening with the harsh realities of…
JPMorgan Chase (JPM) CEO Jamie Dimon saidin a new shareholder letter Mondaythat he is worried about a number of risks to a resilient US economy that could "lead to stickier…
The regulatory arena for credit unions is constantly evolving, and one of the most active areas in recent years pertains to debit interchange. The Durbin amendment requires debit issuers to…