Credit reports – a wealth of information about a person’s financial habits that can serve as the determining factor in credit decisions or even employment decisions or background checks. Given the outsized impact a credit [...]
As Congress reconvenes for the lame-duck session following the midterm elections, NAFCU Senior Vice President of Government Affairs Greg Mesack wrote to both chambers to highlight several issues that are top of mind for credit [...]
Last week, Americans flocked to the polls to vote in the midterm elections. Proving a lot closer than many pundits predicted, the results weren’t immediately known, but over the last few days we’ve [...]
Over the weekend, Democrat Sens. Mark Kelly (Ariz.) and Catherine Cortez Masto (Nev.) won re-election, giving Democrats control of the Senate, regardless of the results of the Georgia runoff election Dec. 6; however, control of [...]
Before I get into discussing organizational purpose, I want to take a moment to wish all our service men and women a happy Veterans Day. Today we honor all who have served to protect our [...]
Outstanding votes continued to flood in Wednesday, securing a slight lead for Republicans in the House. The Senate is still up in the air with the latest reports showing a slight lead for Republicans with [...]
Total consumer credit rose 6.5 percent at a seasonally adjusted, annualized rate in September and is up 7.9 percent compared to a year ago. Revolving credit – primarily credit cards – rose 8.7 percent [...]
I recently responded to a question in our Compliance Inbox that made me think for a while. How often are credit union members uncooperative? Here’s the story: a credit union member called in and [...]
The Federal Reserve Board announced that the fee schedule for payment services provided by Federal Reserve Banks and used by depository institutions will go into effect Jan. 3, 2023. The Fed is required, by law, [...]
Join John Coleman, Partner at Buckley, LLP and former Deputy General Counsel at the Consumer Financial Protection Bureau (CFPB) for a discussion on the recent decision from the Fifth Circuit Court of Appeals, which held [...]
The Bureau of Labor Statistics issued the October jobs report on Friday, which revealed that the unemployment rate rose slightly to 3.7 percent during the month. NAFCU Chief Economist and Vice President of Research [...]
On the heels of a late September regulatory enforcement action against Regions Bank, requiring the financial institution to pay $191 million dollars for charging consumers “illegal surprise overdraft fees,” the Consumer Financial Protection Bureau (CFPB [...]
NAFCU Regulatory Compliance Counsel Dale Baker offered comments in response to the Treasury Department’s request for comment (RFC) on the responsible development of digital assets, expressing support for Treasury and other regulators applying existing [...]
Feedback is an essential component of any team structure. As leaders, it is important to offer your team helpful feedback to improve workflow, processes, and behaviors. It is equally important to solicit feedback from your [...]
The Federal Open Market Committee (FOMC) held its November meeting this week, where the Federal Reserve raised the federal funds target rate by 75-basis points to a range of 3.75 to 4 percent. NAFCU [...]
