In October 2023, The Consumer Financial Protection Bureau (CFPB) proposed a groundbreaking rule, commonly referred to asSection 1033or the Personal Financial Data Rights rule, which will impact how consumers interact…
Easter egg hunts are always a blast. Whether you’re searching for carefully dyed eggs or plastic canisters with candy inside, the appeal is the same: you find something special in…
Financial wellness tools, member engagement and deposit growth strategies in a microeconomic environment are dominating discussions for financial institutions, especially credit unions. Loan demand is slowing as interest rates rise.…
America’s Credit Unions vehemently opposes the CFPB’s proposed rule on overdraft fees, as it will harm community-based credit unions and their members, theorganization wrote to the CFPB Monday. The comments…
Paid leave policies are central to strong cultural values and a compelling employee experience. In a period of constant change and complex legal requirements, effectively managing employees on leave has…
Figuring out how to best save up your money or find financing sources can be difficult to navigate with all the options set before you. One of the more immediate…
The pace of digital banking innovation has nearly every financial institution on its toes, ready to move the minute a new consumer, regulatory or technology trend is spotted. Yet, speed-to-market…
Keeping pace with rapid changes in the economy and financial services industry is a challenge for today’s credit unions. CUs need to be agile in responding to the competition. They…
U.S. manufacturing grew for the first time in 1-1/2 years in March as production rebounded sharply and new orders increased, but employment at factories remained subdued and prices for inputs…
This week, America’s Credit Unions remains hard at work for the credit union industry while Congress is in recess. Additionally, comments are due to the CFPB today for the bureau’sproposed…
The Consumer Financial Protection Bureau does not have the authority to collect data on auto loans, a coalition of financial services trade groups, including America’s Credit Unions, wrote ina letterto…
Credit unions have earned the ability to serve their members through decades of putting people first. Today’s environment means not only supporting pro-credit union policies, but also fighting back against…
We all know about the “feedback sandwich,” the idea that you start a feedback session with a compliment, move to the area of concern, then end with another compliment. But…
Growing up in a very small village in Central Michigan, I learned quickly that small business owners and farmers were a strong part of the local economy and their impact…
The digital wallet is becoming the payment channel of choice worldwide. Usage continues to pick up in the U.S. as well, although Americans still love their plastic debit and credit…
Home Mortgage Disclosure Act (HMDA) Modified Loan Application Register (LAR) data for 2023 is now available on the Federal Financial Institutions Examination Council’s (FFIEC)HMDA Platform for approximately 5,089 HMDA filers.…
The Consumer Financial Protection Bureau (CFPB) has proposed a rule to be effective October 1, 2025 (at the earliest) that would regulate overdraft services at financial institutions with $10 billion…
This is both an exciting and bittersweet episode. After recording 97 episodes of The Remarkable Credit Union, longtime host and PixelSpoke’s founder and former CEO, Cameron Madill, joins as a…
Stocks rallied into to the close end the last trading day of the month, capping a fruitful first quarter of 2024 with a fresh record high for the S&P 500.…
When you think of community bank or credit union marketing, think ABM. ABM, or “Always Be Marketing,” should be one of the primary rules you live by when promoting your…
Being a true corporate citizen means being in touch with your community. As credit unions, we have the unique ability to build meaningful relationships with local businesses and organizations within…