FinCEN flexes new power in Bitzlato order
Are you a fan of superhero movies? Do you enjoy watching the big-budget (and lets be honest, mostly CGI) triumph of good over evil? I do. My wife and I…
Syndicated
Best-selling author, futurist Peter Diamandis to take the stage at CUNA GAC
Peter Diamandis, founder and executive chairman of XPRIZE Foundation and executive chairman of Singularity University, will speak on Monday, Feb. 27, at 2023CUNA Governmental Affairs Conference(GAC). The session is sponsored…
FOMC expected to slow down pace of rate hikes
The Federal Open Market Committee (FOMC) – the Fed’s monetary-policy setting arm – begins its first meeting of 2023 today and is expected to raise rates another 25 basis points.…
Does your board ask amazing questions?
“Why are you a credit union director?” Ancin Cooley, principal ofSynergy Credit Union Consulting Inc., began his breakout session, “Amazing Boards Ask Great Questions” with this seemingly simple query atDirectors…
Make a sizzle reel that spices things up
Videos are today’s most wonderful marketing tool…as long as they’re exciting. And some of the most exciting videos out there are sizzle reels. What’s a sizzle reel? It’s a short…
What is a credit score?
Your credit score is a three-digit number meant to reflect the risk you could pose to a lender when you borrow money. It offers a quick glance at your credit…
The risks and rewards of biometric data
The collection of biometric information is becoming more prevalent in the credit union industry and in fintech as a whole. Consumers cannot easily change biometric information about themselves; therefore, theft…
Where are bank-fintech relationships headed?
Fintechs and traditional financial institutions have had an odd relationship over the past decade or so. Many fintechs started out declaring their intent to replace banks, then morphed into vendors…
NCUA releases new updated CECL FAQs, Simplified CECL Tool
The NCUA has released updates to its frequently asked questions on the current expected credit losses (CECL) accounting standard and its Simplified CECL Tool. VisitThe Simplified CECL Toolpage to download…
Fed, White House work to mitigate crypto risks in financial system
The Federal Reserve and White House offered insights into how they are working to mitigate cryptocurrency risks in the financial system with several releases Friday. The Fed issued a policy…
What 4 wildly optimistic visions of P2P tell us about the future of moving money
Most financial services executives that you speak are quite rational. Sometimes coldly so. I remember talking to a chief lending officer at a small regional bank operating out of the…
Join the mafia
Even if you’re not a football fan, you no doubt heard aboutDamar Hamlin(jersey #3) — the Buffalo Bills safety who collapsed on the field during a game on January 2,…
Tips for navigating the basics of Medicare
While you’re doing everything you can now to be a healthy retiree, you’re still going to have the expected – and the unexpected – medical costs. In fact, a 65-year-old…
Top 2023 trends for financial institutions
Today, we’re recapping the top stories from 2022 with Allied Solutions’ Senior Vice President and Chief Growth Officer, Mark Bugalski, as well as outlining Top Trends for 2023.
Purposeful Talent Development: Why do my efforts feel scattered?
Many organizations approach their talent development efforts by randomly choosing a few focus areas for the next quarter or year. Some choose to have everyone read and study the advice…
Merger and acquisition record retention: Survivor edition
Mergers aren’t always a bad thing, you know? We have had manySUCCESSFULmergers throughout the course of history; even those that did not make complete business sense to the less business…
Creating a more personal loan experience through artificial intelligence
Personalizing the consumer experience in a way that doesn’t necessarily involve a person? Say hello to the future of lending technology that brings loans – and members – into the…
NCUA board maintains 18% FCU interest rate cap
The NCUA Board maintained the 18% federal credit union loan interest rate cap Thursday, setting it in place through September 2024 unless the board acts before that date. CUNArequested the…
NAFCU’s Berger meets with HFSC Ranking Member Waters on CDFI Fund concerns
NAFCU President and CEO Dan Berger and members of the CDFI Fund Coalition Thursday spoke with Rep. Maxine Waters, D-Calif., to stress NAFCU-member CDFIs’ desire to help their communities and…
Seven ways debit card issuers can compete in 2023
The strategies credit unions deploy to grow debit portfolios in 2023 may wind up pulling double duty. That’s because many of the approaches to enabling a member’s everyday payments also…
VIDEO: Weekly Wrap-up Jan. 23-27
The latest CUNA News Weekly Wrap-up, which covers Jan. 23 through Jan. 27, provides an early look at the biggest credit union event of 2023. TheCUNA News Podcastfeatures CUNA Executive…
Curql of trust: How the fintech CUSO factory is expanding in 2023 to make room for you
Yeah, we're definitely in a recession, but that doesn't mean Credit Unions should sit idle. It's time to take action. Back by popular demand, Jim Ryan, VP of Strategic Partnerships…
Risk management priorities for the new year
Rising inflation. High vehicle prices. Escalating monthly payments. These conditions are leading to financial stress for borrowers, and as a result, loan defaults are increasing. Lenders are in a precarious…
Digital banking: From cost center to profit center
By 2028, the global digital banking market size is estimated to surpass$10.3 trillion—an omnipresence that regional banks and credit unions cannot afford to ignore. Financial institutions (FIs) need to step…