CFPB continues to focus on fees
If you’ve been following credit union compliance issues during the past 2 years, then you’ve no doubt heard about the effort by the Consumer Financial Protection Bureau (CFPB or bureau) to combat what [...]
News Archives
Plaid – why do credit unions need it?
Plaid serves as a bridge between credit unions and financial apps, facilitating the exchange of account data, including account balances and transactions. On today’s episode, our host Jami Jennings, VisiFI’s Vice President of [...]
Which deposit-raising tactics are bad, and which are good?
Frontline staff at branches across the country are getting a lot more ad hoc pricing requests than in the past. Decisionmakers, in turn, are spending more of their day approving exceptions for depositors bargaining for [...]
How lottery winners can help us reinvest in financial literacy and education
You probably heard about the recent winner of the Powerball jackpot lottery, right? The Powerball Lottery had ballooned to a record amount of $2.04 billion by November 2022. Three months later, 31-year-old Californian Edwin [...]
Build a consumer lending portal your way
In a world where customization reigns supreme, the adage "Have it your way" resonates more than ever. Imagine having the power to truly customize your lending experience, both as a member and as a credit [...]
Good grief
Grief gets a bad rap. It's associated almost exclusively with sad and painful events, which is why people tend to avoid dealing with or discussing it. But over the last few years, I’ve embraced [...]
Dupaco shares more than $3.3M with participating members
Nearly 74,000 participating Dupaco Community Credit Union member-owners received a share of more than $3.3 million in Thank Use Ownership Perks for 2023. The special payout to participating members happened earlier today, Oct. [...]
NAFCU reiterates robocall concerns ahead of hearing
NAFCU Vice President of Legislative Affairs Brad Thaler reiterated the association’s support for rules aimed at targeting illegal and fraudulent robocalls, while also detailing concerns about their impact on credit unions, ahead of a [...]
Generational differences drive digital payments preferences
Today’s consumers are faced with more options than ever when making payments or conducting transactions. Gone are the days when physical cash, checks and cards were the only choices available. Now, consumers can decide [...]
Spooky season: Six scary stats about money
Halloween is a time for getting together, carving pumpkins, dressing up, and telling scary stories. This spooky season, let’s discuss some scary facts about money today and how you can avoid becoming a statistic [...]
Are you driving your career or just along for the ride?
As I travel my own career path, I’ve noticed two types of people traveling alongside me. Those who are driving and those who are in the passenger seat just along for the ride and [...]
Combatting account takeover fraud calls for layered approach
According to Javelin Research, more than 1 in 5 adult Americans have been a victim of account takeover (ATO) fraud. ATO fraud—defined as unauthorized parties gaining access to an individual’s account or profile [...]
How 3 banking leaders partnered with fintechs for growth
Fintech partnerships play a pivotal part in the strategies of a growing number of banks. Whether that strategy happens to be offering banking as a service or launching a separate digital banking brand, the intent [...]
Looking to better serve your veteran members?
The Defense Credit Union Council (DCUC) is excited to introduce the Veterans Guide: Understanding Your Benefits. Reviewed by the Veterans Benefits Administration, this comprehensive guide further highlights our commitment to serve our Nation’s veterans. [...]
Adaptation or extinction: Dollars in a digital asset era
In a world where the almighty US Dollar is teetering on the financial abyss, its worth eroded by inflation and the reckless proliferation of money to cover ever-escalating national debts, SWIFT's capacity to transfer funds ‘[...]