LeBron James, Serena Williams, Steve Jobs, Oprah Winfrey: These individuals are some of the most successful of our time. What’s the common denominator? The easy answer is talent, but talent…
What would Pete Townsend say? By a one vote margin, Kathy Kraninger was confirmed to be the next head of the CFPB. She takes the reigns from her former boss…
The amount of information consumers can access is incredible, but the amount of data each human produces is even more startling. Over the last two years alone, 90% of the…
Happy Holidays, Compliance Friends! Nothing puts me more in the holiday mood than a good movie. One of my favorites holiday movies is the Sound of Music! I hope that…
The Treasury’s Financial Crimes Enforcement Network (FinCEN) and its regulatory partners issued a joint statement last week to encourage credit unions and other financial institutions to take innovative approached to…
A number of issues critical to credit unions' operations are set for discussions in Washington this week: A House Financial Services subcommittee will discuss the potential impact of the current…
A main barrier to putting in place a supplemental executive retirement/retention plan is that credit union boards don’t know how to start. How much beyond an annual salary and bonus—if…
As fintechs continue to increase their presence in the financial services industry, credit unions must decide to either form partnerships with these potential disruptors or compete against them. The first…
An Alaska credit union has launched a pilot program to provide financial services to marijuana businesses, which among other benefits will relieve state workers from counting $1.5 million in cash…
The Grinch is trolling department stores this season in the hopes that he can steal a credit card or two. With consumer’s purchasing behavior straying away from their usual habits…
Now that we are into the holiday season – with Christmas eighteen days away, Hanukkah ending in three days and Kwanzaa beginning in nineteen days – there are certain things…
While nearly all companies know they need a social media presence, many banks and credit unions have not embraced social media enthusiastically. Consider, as a benchmark, that Twitter launched in…
Federal regulators are reaching out and helping credit unions and community banks with a series of changes. On October 3, 2018, Federal regulators ruled that credit unions and community banks…
Much of our accomplishments each day are decided by our morning routines. If we continually hit the snooze button barely making it to the office on time, our days may…
The NCUA board will hear recommendations from the agency’s Regulatory Reform Task Force at its Dec. 13 meeting. Scheduled for 10 a.m. (ET), the meeting is the board’s final of…
The Senate yesterday voted to confirm Kathy Kraninger to lead the Bureau of Consumer Financial Protection. She will take over for Mick Mulvaney, who has served as acting director since…
This past week global hotel chain Marriott International (500 million) and Quora (100 million), one of the largest Q&A internet portals, announced security breaches compromised their data. How should users…
Like most consumers, credit union members are increasingly shifting to online channels to shop for the holidays. That’s according to an analysis of CO-OP credit union members’ credit and debit…
One of the biggest ways FinTech firms have been able to gain a competitive edge on traditional banks, for small business (SMB) customers, is through relationship-building. Banks are shuttering their…
Running a small businesses can be tough. Between staffing, compliance, policy creation, managing payroll, financial reports, and the 2,000 other things you have on your plate, sometimes the time you…
As I was listening to the eulogies for President Bush last night, I couldn’t help but notice how often I heard words like loyalty, decency, public service, leadership, competitiveness humorand…
The recent discovery of one of the largest data breaches in history adds to a laundry list of breaches at major corporationsjust this year. In an anxious attempt to protect…
Senate Majority Leader Mitch McConnell (R-Ky.) announced the Senate will vote Thursday on the nomination of Kathy Kraninger to lead the Bureau of Consumer Financial Protection. Kraninger was nominated to…
NAFCU lobbyists remain active on Capitol Hill as the House and Senate are expected to take action on a number of key items in the coming days, including legislation to…