Nobody is using postal banking pilot
Do you remember the U.S. Postal Service pilot program that financial services trade groups warned was the first step toward postal banking? No? You’re not alone. Despite all ...
The latest from John Pettit
Morgan Stanley laying off hundreds in wealth management unit, source says
Investment banking giant Morgan Stanley (MS.N), opens new tab is planning to cut hundreds of jobs in its wealth management unit, according to a person familiar with the matter, ...
Retail sales decline more than expected in January
Retail sales slipped more than Wall Street expected in January, raising questions of whether America’s resilient consumer could be losing steam. Retail sales fell 0.8% in January from ...
DOL’s proposed fiduciary duty rule could have negative impact on credit unions
Ahead of today’s hearing to examine potential regulatory overreach by the Department of Labor (DOL), America’s Credit Unions President/CEO Jim Nussle wrote to a House on Education ...
What’s the Cupid’s arrow in your credit union marketing?
You’ve seen it in many a cartoon…someone is struck by Cupid’s arrow, and then they’re struck by love. Well, infatuation is a more accurate term. The ...
4 reasons to fall in love with the cloud
The season of love is upon us, and your credit union needs love as much as your friends and significant other. Whether you’re celebrating Valentine’s Day or Galentine’...
Durbin schedules interchange hearing, accuses Visa, Mastercard of misleading consumers
Accusing Visa and Mastercard of using false and misleading advertising to oppose his credit card interchange legislation, Senate Judiciary Committee Chairman Dick Durbin, D-Ill., has asked the company CEOs to ...
How alternative consumer credit data increasingly supports lending decisions
As banks, credit unions and other lenders continue to vie for new borrowers, markets and opportunities, many have discovered conventional means of credit scoring and risk don’t necessarily hold ...