Wells Fargo is being investigated by government authorities over issues in its anti-money laundering and sanctions programs, the bank said on Thursday in a filing. The company did not specify…
Credit card interest rates have been climbing steadily over the last decade. During that 10-year stretch, the average credit card interest ratenearly doubled, climbing from about 12.9% in 2023 to…
On July 30, aninterpretive rulefrom the Consumer Financial Protection Bureau went into effect confirming buy now, pay later lenders are in fact credit providers. This means BNPL customers have the…
Community Reinvestment Act (CRA) requirements for credit unions were not included in the housing bill introduced by Sen. Elizabeth Warren, D-Mass., on Monday. It is a testament to our cooperative…
The US economy added fewer jobs than expected in July while the unemployment rate unexpectedly rose to its highest level in nearly three years, the latest sign of a broader…
A new guaranteed student loan program that would allow private financial institutions – including credit unions – to issue loans is at the center of the newly introduced Affordable Future…
When it comes to faster payment discussions, the most popular questions we hear are: What are some use cases ofreal-time payments? How do I show an ROI on the investment…
It might sound easy, but engaging your members can be very difficult. In today’s world of text messages, emails, phone calls, direct mail, billboards, radio ads, app notifications, social media…
US stocks were under heavy selling pressure Thursday afternoon asweak economic dataand another sharp sell-off in chip stocks spurred losses across all three major indexes the day after the Federal…
It’s become a cliché that “data is the new oil.” Now the Federal Trade Commission wants to find out if huge troves of consumer data married to artificial intelligence and…
U.S. Federal Reserve Chair Jerome Powell said on Wednesday political considerations play no part in either near-term monetary policy deliberations or the central bank's longer-run forecasting work. "We don't change…
Credit Unions across the country have been going through multiple challenges in the last few years, resulting in a 30% decrease of credit unions nationally. This decrease has occurred through…
All three credit union-backed candidates won their primaries in Arizona on Tuesday.In the high-profile open Senate seat in Arizona, America’s Credit Unions PAC and GoWest Credit Union Association supported Rep.…
Credit unions have been a financial staple of communities throughout the world, dating back to the 19th century. However, in today’s rapidly evolving world, many credit unions are at risk…
Although the times may have changed and there are many differences between modern Millennials, Gen Xers, and boomers; saving and preparing for the future is still important for a stable…
Guarantee uninterrupted service with cloud redundancy As the term suggests, cloud redundancy means duplicating compute and data across multiple cloud infrastructures, enabling immediate retrieval or access if your primary cloud…
American Express isn’t your granddad’s corporate card anymore. In what may seem like a surprising twist, it’s now the hottest card in Gen Z’s and millennials’ wallets. According to Elizabeth…
In the jargon-filled world of credit unions, it’s easy to get lost in a sea of technical terms and industry specific language. But let’s face it: while clear, authentic communication…
AI might still bedominating financial headlines, but investors should take heed when too much of the narrative for these stocks is focused on euphoria and explosive growth potential. At least…
America’s Credit Unions Chief Economist Mike Schenk provides an overview of the newly minted Economic and Credit Union Forecast in the latest Economic Update video. The forecast group – which…
Job openings declined slightly in June from the month prior amidsigns of cooling in the labor market. New data from the Bureau of Labor Statisticsreleased Tuesday showed that 8.18 million…
Digital progressionisn’t just about what financial institutions are doing — it’s a reflection of how consumer expectations are rapidly evolving. Features once considered“nice-to-have”in loan origination systems (LOS) are now non-negotiable.…
What? Stop training leaders? You might be saying, “That’s it...they’ve finally lost their marbles.” But don’t tune out just yet! You should stop “training,” but don’t stop building your leadership…