GenAI: Banking’s best offense in challenging times
Just over a year ago, large language models like ChatGPT burst onto the scene, opening the door to both unprecedented AI capabilities but also new challenges. For banking executives, several…
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This week: America’s Credit Unions monitors NCUA Board meeting, NY special general election
America’s Credit Unions is supporting a candidate running to fill New York’s open U.S. House seat Tuesday in a special general election.Former Rep. Tom Suozzi, D-N.Y., is running to fill…
The consequences of the Big Box Bailout
Our fight against the Big Box Bailout bill is grounded in data. The Durbin Amendment has given us more than a decade’s worth showing that government price caps on interchange…
Five ways for your credit union marketing to leap ahead this month
2024 is a rare year - a Leap Year! February has one extra day, and it only happens every four years. But your community bank or credit union marketing needs…
Megacaps rally pushes S&P 500 to first close above 5,000 milestone
S&P 500 closed above 5,000 for the first time on Friday and Nasdaq briefly traded above 16,000, with boosts from megacaps and chip stocks, including Nvidia as investors bet on…
House Democrats request hearing on Navy Federal discrimination allegations
Democrats on the House Financial Services Committee are requesting that Chairman Rep. Patrick McHenry, R-N.C., hold a hearing on allegations that Navy Federal Credit Union discriminated against Black members seeking…
Internal fraud detection: Motivators and warning signs
Employee fraud is unsettling. The headlines splash the news far and wide: “Credit union CEO imprisoned for embezzlement.” “Federal investigators say bank employees opened fake accounts for sales goals.” The…
Five reasons your marketing isn’t working and what to do about it
“Bo, we need marketing help. Can you help us?” Of course I can, but more often than not when I start digging in with a new client I, find that…
New research shows 6 negative consequences of Big Box Bailout bill
New interchange researchshows legislative efforts to disrupt the “safe, secure and well-functioning credit card system” with the Big Box Bailout bill would hurt people that bill sponsors claim it would…
US weekly jobless claims stay low despite high-profile layoff announcements
The number of Americans filing new claims for unemployment benefits fell slightly more than expected last week, pointing to underlying labor market strength despite a recent surge in announced layoffs,…
Assertive lending strategies for aggressive growth in 2024 & beyond
Consumer credit outstanding topped a record-breaking$5 trillionin November of 2023, putting growth at a5.7% annual rate—the biggest gain since November 2022. Nonrevolving credit, including auto loans,increased at a 1.5% rate.…
An overview of Microsoft 365 security best practices
As organizations rely on cloud-based technologies for their operations, Microsoft 365 (M365) has become popular for its integrated suite of productivity and collaboration tools. M365 offers built-in security features that…
CFPB and open banking: Searching for a solution while creating new problems
On October 19, 2023, the Consumer Financial Protection Bureau (CFPB) released its proposed rule,Required Rulemaking on Personal Financial Data Rights, better known as “open banking.” The premise behind the CFPB’s…
Nussle: CDFI fund failing to provide crucial certification information
Two months after the Treasury Department released a new Community Development Financial Institutions Fund certification application, department officials still have not provided prospective CDFIs with crucial information, America’s Credit Unions…
Nussle meets with credit union supporters on Capitol Hill
America’s Credit Unions President/CEO Jim Nussle met with several credit union supporters on Capitol Hill Wednesday, including Reps. Scott Fitzgerald, R-Wis., and Brian Fitzpatrick, R-Pa. Both members have introduced credit…
Our mission and vision for America’s Credit Unions
Launching a brand-new association to provide a united voice for the credit union industry represents a historic milestone for our movement. Over the past month, America’s Credit Unions Transition Board…
Leaders in Lending | Ep. 133: From Europe to the US—Cultural and market nuances in fintech
Joining our host Ed Walters this week is Simon Darchis, Head of Partnerships atFinwise Bank, to discuss his trajectory in the financial services sector from Europe to the US. With…
5 keys to building a modern integration strategy
Today’s consumers judge their financial service providers based on a new definition of trust—one that goes well beyond the traditional factors of safety and security, and includes elements like capabilities,…
Your credit union strategic plan … one month into 2024
Your community bank or credit union strategic plan is still fairly young this time of year. There are plenty more goal posts to reach and mile markers to pass before…
Global stocks climb to over two-year high, S&P 500 hits record
Global equities climbed to a more than two-year high and the S&P 500 touched a record peak on Wednesday, as strong earnings offset jitters related to U.S. regional banks and…
For banks, hybrid work is here to stay
The Covid-19 pandemic will undoubtedly go down in history as an event that dramatically changed how — and where — the world works. Prior to 2020 banks were doing much…
Bill Partin on how we need to adjust to the future of work
The number one leadership initiative in any organization today is improved coaching. Coaching empowers employees, empowerment drives engagement, and engagement drives performance. At its core, coaching is about transformation. Leading…
Nussle: Unified voice amplifies credit union advocacy efforts
Credit unions must work together to amplify advocacy efforts and achieve results for the industry, America’s Credit Unions President/CEO Jim Nussle wrote to members Monday. He wrote that the unified…
Why financial trauma is more than just a buzzword for banks
“Therapy speak” — or the colloquial inclusion of common psychological terms — has sparked a broad discussion on social media. At its best, “therapy speak” puts language to common challenges…