U.S. consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend at the start of the second quarter in a boost to financial market expectations…
With the next Finovate conference on the horizon, we’re looking forward to discussions about emerging trends and new tech that always take place – especially about the growth in embedded…
Consumer fraud lossestotaling more than $10 billion in 2023— up 14% over the past year — should be a wake-up call to community banks and credit unions that fraud is…
How it works: HappyOrNot®Smiley Digital surveys appear within the credit union’s MeridianLink®deposit and loan application sessions. The timely, easy. and fun-to use surveys achieve very high response rates. Why this…
The Federal Reserve and CFPB Mondayannouncedthe inflation-adjusted Regulation CC dollar thresholds that will take effect July 2025. Regulation CC governs the availability of funds from customer deposits and the collection…
Yet another federal government agency, the Congressional Research Service, is warning that as credit unions use more technological services, they face significant operational risks because the National Credit Union Administration…
There’s no question that generative AI tools are having a moment right now. JPMorgan’s CEO Jamie Dimon called the technology “transformational,” saying that it could be as impactful as the…
"The mother of all [blank]." Put whatever you want in the blank; the meaning is still the same. Best in class. The greatest around. The big kahuna. But think of…
In the world of personal finance, the choice between a credit union and a bank can be a pivotal decision. But what exactly sets these two institutions apart, and why…
Technological advancements and changing consumer demands are reshaping our financial services industry, requiring credit unions to adapt and innovate like never before. With fierce competition around every corner, converging technology…
FEAR! Wait, I know if you’ve readmy articlesbefore, you’re likely thinking, “NOT AGAIN!” Stick with me. I want to take a deeper dive into this thing called “fear” and provide…
America’s Credit Unions PAC has launched itsCredit Union Elections Hub, a resource to track election results from the primaries through the general election. As of May 13, 133 out of…
Business continuity events and disasters can happen at any moment, be it an outage, a cyberattack, a severe weather event, or a natural disaster. It’s when these crises happen that…
The materials available in this article are for informational purposes only and not for the purpose of providing legal advice. You should contact your own advisors with questions regarding the…
Pressures on noninterest income are leading finance leaders to seek out new revenue opportunities, says Jeremy Zager, chief financial officer at $2.3 billion assetDort Financial Credit Unionin Grand Blanc, Mich.…
A nearby house fire caused by the lack of fireproofing might prompt a family to install fire-resistant materials inside their house, update smoke detectors and sprinklers, and perform recurring maintenance…
The temporary reprieve from credit card late fee limits proposed by the Consumer Financial Protection Bureau hangs on a very thin thread. The eleventh-hour decision on May 10 by the…
A Texas district court Friday issued apreliminary injunctionto stop the CFPB’s credit card late fees rule from taking effect this week. The CFPB finalized the rule in March, capping credit…
Regulatory overreach is a barrier between credit unions and members This week we brought the unified credit union voice to two important hearings in Washington, D.C., as we continue to…
U.S. Treasury Secretary Janet Yellen on Friday called for Congress to give regulators more power to oversee the growing nonbank mortgage industry, which she said presented unique risks to financial…
The Dow eked out its eighth straight session of gains on Friday and closed out its best week of the year as US stocks finished the day mostly in the…
It’s a volatile time in the banking sector. One example is themulti-year crackdownby the SEC scrutinizing non-compliant customer and member communications via employees’ personal texts and WhatsApp messages. The ongoing…
What is data-driven recruitment? Hiring the wrong person for the job is a costly and time-consuming decision. Data-driven recruitment allows us to measure the effectiveness of our hiring processes and…
Tune in to this episode for a discussion on the current cybersecurity and compliance landscape confronting financial institutions today. Our host, Jami Jennings, VisiFI’s Vice President of Digital Product Management…