Hispanics’ use of a variety of financial products and services—such as credit cards, auto loans, and mortgages—has outpaced that of non-Hispanics in recent years. And their expenditures continue to grow,…
Mobile use is beginning to suffer at the virtual hands of in-home digital voice assistants, a new study reports. According to professional services company Accenture, which surveyed 21,000 consumers in…
Twelve financial groups on January 4th thanked Reps. Steve Pearce (R-N.M.) and Blaine Luetkemeyer (R-Mo.) for introducing an anti-money laundering (AML) and counter-terrorist financing modernization bill that will help prevent…
To be successful online, community banks and credit unions must compete head-to-head with both big banks and smaller local institutions within their footprint. This can be a challenge. Big banks…
Have you ever seen a celebrity mention a product in their social media? It probably made you want that product or at least curious about what it is. This is…
It’s 2018—and we’re living in a world where we make can purchases instantaneously from the convenience of our preferred device. Machines recognize our faces and cars drive themselves.While emerging technologies…
Well, we can't say we didn't see this coming...we blogged back in March, 2017 on what the change in administration might mean for marijuana banking, and the federal government announced…
It is important to strike a balance between costs to financial institutions and the benefits of Bank Secrecy Act (BSA), anti-money laundering (AML) and Office of Foreign Assets Control (OFAC)…
Bipartisan legislation was introduced yesterday to increase the Small Business Administration's (SBA) oversight authority over its 7(a) loan program. Credit unions actively participate in the program, which helps credit unions…
We spend an inordinate amount of time, marketing, sales dollars, and imagination to originate new loans. Our collective creativity has created a loan origination process that includes quick loan decisions,…
A vexed federal judge issued an arrest warrant for a former credit union CEO who failed to show up at his sentence hearing Monday for bank fraud and attempted brank…
Blockchain can greatly improve the speed, security, transparency, efficiency and cost of transactions – all while helping to reduce risk. Many top organizations, including Fiserv, are actively testing blockchain's potential…
A few days ago, I made an early morning trip to a local big-box athletic supply store in search of new walking shoes. I entered the store as one of…
Although the limits on state and local property taxes has gotten most of the attention, one of the amendments to the tax code will have a potentially large impact on…
For decades, the number of positions in the C-suite could be counted on one hand. The senior leadership team was anchored by the CEO, COO and CFO. At some banks…
On December 22, President signed the Tax Cuts and Jobs Act (H.R. 1) into law. While the legislation preserved the credit union industry's income tax exemption, the legislation will impose…
CUNA remains engaged in combating predatory class action threats related to website accessibility requirements surrounding the Americans with Disabilities Act (ADA), CUNA President/CEO Jim Nussle wrote to members Monday. Credit…
NAFCU President and CEO Dan Berger today is engaging with the NCUA, CFPB, Federal Housing Finance Agency (FHFA) and Treasury Department on the association's 2018 advocacy priorities and the role…
Earlier this year, I read some commentary about President Trump’s promise to bring back manufacturing jobs to the U.S. The analyst’s comments were something like, “Well, that’s all fine and…
This month, Credit Union Magazine and CUNA News examine the future of the credit union movement. We asked more than a dozen credit union thought leaders to tell us how…
A former manager and head teller allegedly embezzled nearly half of a credit union’s total assets, according to documents filed last month in U.S. District Court in Cleveland. Gwendolyn Dubose,…
While elements like style and looks have long been major selling points for carmakers, the rising interest and demand for connected cars means that consumers are beginning to expect more…
“When the facts change, I change my mind. What do you do, sir?” – John Maynard Keynes A couple of nights ago, I was helping my son tune his cello.…
When we surveyed a panel of over 100 global financial services leaders as well as financial institutions and solution providers worldwide for their thoughts on retail banking and credit union…