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 of the dire predictions when [...]
News Archives
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, the latest in a string [...]
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 the month prior according to Census [...]
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 and Workforce subcommittee to provide [...]
Navigating change: The crucial role of change management in credit union leadership
Just like in life, change is a constant in today’s financial services industry, and credit unions are not exempt. In order to fully support employees and organizational goals, credit union leaders must focus on [...]
3 ways to focus the fight against inflation
We're all feeling the sting of inflation. Milk, bread, and a lot of other things are more expensive than they have been in a long time. Unfortunately, there's not a whole lot that we can [...]
New FAFSA is frustrating families, but credit unions can help with flexible funding
As the father of two college sophomores, I’m no stranger to the Free Application for Federal Student Aid (FAFSA). The most important piece of the college funding puzzle, the FAFSA is used to determine [...]
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 character hit by the arrow [...]
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’s Day, check out these [...]
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 appear at an April 9 [...]
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 up. Hence, most lenders looking [...]
Mortgage demand tumbles as interest rates rise to highest level since December
A key measure of home-purchase applications slumped last week amid a sharp increase in mortgage rates. The Mortgage Bankers Association's (MBA) index of mortgage applications fell 2.3% for the week ended Feb. 9, compared [...]
Moderate growth, earnings challenges likely in 2024
The U.S. economy will experience moderate growth in 2024 while avoiding recessions, America’s Credit Unions’ economists forecast in the January Economic Update. America’s Credit Unions’ Curt Long and Mike Schenk examine the [...]
Tips to better understand consumer preferences
Just the other day I met a group of colleagues for lunch, while sharing family updates, someone announced that their daughter was celebrating their 16th birthday! Excitement immediately erupted over this milestone birthday and memories [...]
A beacon of hope for underserved communities
As we honor Black History Month, it’s essential to recognize the invaluable role that credit unions play in serving the underserved, particularly those in low to moderate-income (LMI) communities. For decades, credit unions have [...]