I write often about how important feedback is for leaders. Whether it's to help you identify your blind spots, strengthen your team or culture, seeking advice and comments from others is an important component of [...]
Total vehicle sales stayed strong in April growing from 18 million annualized units to 18.5 million during the month. Monthly sales levels were up a massive 112.2 percent year-over-year. NAFCU Chief Economist and [...]
In an op-ed published in Morning Consult, NAFCU President and CEO Dan Berger called on Congress to empower credit unions to help the nation's 63 million unbanked and underbanked consumers as opposed to supporting complex, [...]
On April 29, 2021, Vivint Smart Homes, Inc. (Vivint), a home security and monitoring company, entered into an agreement with the Federal Trade Commission (FTC) regarding alleged violations of the Fair Credit Reporting Act (FCRA), [...]
The Federal Reserve's first-quarter senior loan officer opinion survey (SLOOS) revealed that banks have eased lending standards in several areas following a year-long trend of tightening due to the coronavirus pandemic. "Banks are beginning to [...]
NAFCU-member credit unions have two weeks left to submit their nominations for NAFCU’s 2021 Annual Awards Competition. The Annual Awards recognize association member credit unions, professionals, and volunteers for their dedication and achievement within [...]
Happy Monday, compliance friends. I hope everyone had a good weekend and enjoyed World Laughter Day, which was yesterday! I know one group of people who shouldn’t get the last (evil) laugh: fraudsters who [...]
As the NCUA considers allowing credit union service organizations (CUSOs) to originate all loans that federal credit unions can originate, NAFCU's Aminah Moore offered the association's support but cautioned the agency against future efforts to [...]
April has been a busy month for the Consumer Financial Protection Bureau (CFPB), from delaying the debt collection and general qualified mortgage rules, to taking action against three different companies for three different violations. First, [...]
We're now at a place where we're starting to envision the end of the coronavirus pandemic and what life looks like after all this. As we look toward the future, I found this McKinsey article [...]
The Federal Open Market Committee (FOMC) Wednesday maintained the federal funds target rate at its current range of 0 to 0.25 percent. Of note, in an optimistic signal, the word "considerable" was removed from [...]
NAFCU Vice President of Legislative Affairs Brad Thaler reiterated the association's concerns about companies taking advantage of regulatory loopholes and chartering schemes to expand their reach in the U.S. financial system ahead of today's [...]
In the past few years, credit unions have faced increasing litigation risk from plaintiffs’ attorneys filing class action lawsuits, particularly in the area of various fees that may be assessed to both members and nonmembers. [...]
The Federal Open Market Committee (FOMC) – the Fed's monetary-policy setting arm – begins its April meeting today and is expected to hold the federal funds target rate range at its current 0 percent to 0.25 [...]
In response to bankers' latest attack to cast doubt on the benefits of the credit union industry's federal tax exemption, NAFCU President and CEO Dan Berger has a new op-ed in American Banker arguing why [...]
