Proposed auto loan data collection is beyond CFPB’s authority
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 latest from John Pettit
Spring financial fitness
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 ...
Take care of borrowers and keep regulators at bay
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 ...
The watchdog continues to rob the henhouse
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 ...
Schumer again calls for enactment of marijuana banking measure
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 ...
The key to successful commercial banking lies in consumerization. Here’s why
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. ...
Abandon ship? Why frequency is your brand’s lifeboat
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 ...
House, Senate resolutions would void CFPB credit card late fees rule
Resolutions to nullify the CFPB’s credit card late fees rule via the Congressional Review Act (CRA) were introduced in the Senate by Sen. Tim Scott, R-S.C., and Rep. ...