News Archives

How credit unions can be recession ready

How credit unions can be recession ready

It’s been four years since the onset of the global pandemic and we are still feeling the economic whiplash. The result? A heightened regulatory environment around lending practices. Financial stability for borrowers has been, [...]

The extraordinary advantage of local

The extraordinary advantage of local

In 1973 a critic of mainstream economic thought was published in Small is Beautiful: A Study of Economics As If People Mattered by E. F. Schumacher. The author espoused a principle that small, appropriate technologies, [...]

Visa, Mastercard, merchants reach settlement in interchange lawsuit

Visa, Mastercard, merchants reach settlement in interchange lawsuit

U.S. merchants, Visa, Mastercard and other financial institutions announced a settlement Tuesday in a lawsuit dating back to 2005 over credit card interchange fees. Visa and Mastercard will cap credit card interchange fees into [...]

Yellen endorses marijuana banking bill

Yellen endorses marijuana banking bill

Treasury Secretary Janet Yellen endorsed legislation last week that would provide financial institutions with a regulatory safe harbor if they serve marijuana-related businesses in states where cannabis is legal. Yellen told the House Appropriations Financial [...]