Putting an end to remarks from the Consumer Financial Protection Bureau that its regulations are, in fact, helping credit unions, the Credit Union National Association published a detailed report that outlines exactly how the new [...]
With the recent ransomware attack demonstrating how vulnerable the world is to cyberattacks, I spent part of my weekend looking back over NY’s regulations and to whom they apply to. These regulations took effect [...]
In today’s regulatory environment, it seems compliance officers are caught up in the endless cycle of self-monitoring and testing, responding to external audit requests from state/federal regulators, investors, and government agencies, managing internal [...]
Compliance risk has become one of the most significant ongoing concerns for financial institutions. Staying compliant is a constant battle and expense for everyone, and as the scope of regulatory focus continues to expand, it’[...]
The Senate and House of Representatives are in their home districts and states this week and the House will remain out next week as well. During this time, NAFCU is encouraging its members to reach [...]
Strong advocacy efforts from CUNA, the state leagues and the credit union movement have led to a number of victories this year, on both the legislative and regulatory fronts. In Congress, credit unions saw regulatory [...]
Consumers expect real-time communication – and increasingly, a real-time lending experience. But can getting a mortgage loan really become as easy as ordering an electronic book or music online? Can checking a current loan balance or [...]
“Competition has been shown to be useful up to a certain point and no further, but cooperation, which is the thing we must strive for today, begins where competition leaves off.” -Franklin D. Roosevelt Competition [...]
A recent study, conducted by Cornerstone OnDemand, looked at what motivated US employees to stay at their jobs. They interviewed 494 employed Americans ages 18 and older. The study focused on what would motivate the [...]
by: Henry Meier If Nixon can go to China, then I can darn well compliment the American Bankers’ Association when it makes a good point. That is what I am doing today. Besides, if the [...]
by. Jeff Falk With the regulatory environment under constant flux and change, and of course security concerns bubbling at the surface of every consumer survey on mobile banking, it’s understandable that many financial institutions ([...]
The CFPB on Friday finalized a rule that removes the regulatory prohibition against charging fees prior to the opening of a consumer's new credit card account. The CFPB’s final rule revises a Regulation Z [...]
