NAFCU News Archives

Regulators vs. robots: AI under scrutiny

Regulators vs. robots: AI under scrutiny

Remember The Jetsons? That cartoon imagined an optimistic future in which humans zipped off to work in flying cars and had sassy housecleaning robots like Rosey to make their lives more convenient. The show originally [...]

FOMC expected to pause rate hikes

FOMC expected to pause rate hikes

The Federal Open Market Committee (FOMC) begins its two-day monetary policy setting meeting today. It is expected to hold the federal funds rate at its current range of 5 to 5.25 percent after 10 [...]

NAFCU, trades flag consequences of interchange legislation

NAFCU, trades flag consequences of interchange legislation

NAFCU joined with several other financial services trade organizations to warn congressional leaders about the detrimental impacts legislation to expand interchange price controls would have on consumers, credit unions, and other financial institutions. The legislation, [...]

NCUA

NCUA issues joint proposal on reconsiderations of value

The NCUA, CFPB, Federal Reserve, FDIC, and Office of the Comptroller of the Currency Thursday requested comment on joint proposed guidance related to reconsiderations of value (ROV) for residential real estate transactions. ROVs are requests [...]

Prioritizing connection and in-person opportunities

Prioritizing connection and in-person opportunities

Not too long ago, I wrote about the power of hosting in-person all-staff meetings with remote work becoming more common. We use these events as a chance for cross-team collaboration, reconnecting with our mission, and [...]

Berger talks interchange, bank failures on American Banker

Berger talks interchange, bank failures on American Banker

NAFCU President and CEO Dan Berger joined American Banker reporter Frank Gargano yesterday to discuss interchange, the recent bank failures, and many other industry hot topics. During the discussion, Berger said NAFCU’s biggest concern [...]

CFPB flags downsides of AI chatbots

CFPB flags downsides of AI chatbots

The CFPB Tuesday released an issue spotlight on how chatbots used within the financial services industry may impact the customer service experience. The bureau found AI chatbots are increasingly being used by financial institutions for [...]

Tie-breaker ideas for director elections

Tie-breaker ideas for director elections

Since it is probably illegal to break a tie by cage match, credit unions need other ideas to employ when a board of director election ends in a tie. Feeling nostalgic, yet? Same. Your nominees [...]

NCUA to host webinar on efforts to combat bias in home valuations

NCUA to host webinar on efforts to combat bias in home valuations

In recognition of National Homeownership Month, the NCUA will host a free webinar to discuss federal government efforts to combat bias in home valuations and increase opportunities for homeownership. The webinar – scheduled for June 21 [...]

May jobs report ‘difficult to parse’

May jobs report ‘difficult to parse’

New data from the Bureau of Labor Statistics revealed 339,000 jobs were added in May, with a slight increase in the unemployment rate from 3.4 percent to 3.7 percent. “The May jobs [...]

Out of office: How to prevent burnout

Out of office: How to prevent burnout

Can you believe we are almost halfway through 2023? The dog days of summer are nearly here. Just like a seventh inning stretch, now is a good time to lock in those summer travel plans, [...]

Senate sends debt ceiling deal to Biden ahead of deadline

Senate sends debt ceiling deal to Biden ahead of deadline

After a strong bipartisan showing in the House to pass the debt ceiling deal Wednesday evening, the Senate followed suit Thursday night and approved the legislation 63-36. The bill now heads to President Joe Biden [...]

You want brandy? Really?

You want brandy? Really?

There’s nothing like a concierge. A good one listens and makes recommendations to you based on your wants and needs. The best businesses act that way. I recall walking into a wine store about [...]