Fed’s Powell: Don’t expect a soft landing victory lap
The soft landing, it appears, will not be televised. At least it won't be announced, declared, or advertised, Federal Reserve Chair Jerome Powell told members of the U.S. House Financial…
Syndicated
Critics vow to challenge CFPB final credit card rule
Within hours of the release of theConsumer Financial Protection Bureau’s final rule restricting credit card late feesto $8.00 at the largest issuers, opponents began lining up to threaten procedural and…
PayPal’s Dan Schulman on the future of banking: Digital, seamless and consolidated
It’s 2034.Many of the ways you think about retail banking and payments today no longer exist. Plastic cards for credit and debit? Extinct. Coins and paper currency? Relics for museums.…
The evolving journey of identity for new-to-country consumers
As individuals navigate life events, financial institutions face challenges to consistently and confidently verify their identities. Without a comprehensive view, weak identity verification at account opening leaves the door open…
America’s Credit Unions board member to testify before House subcommittee
Karen Harbin, president/CEO of Commonwealth Credit Union—and secretary of America’s Credit Unions Transition Board—will testify before a House Financial Services subcommittee Thursday on behalf of America’s Credit Unions. During the…
Special report from day two of the Governmental Affairs Conference
Welcome back to our daily update from the 2024 Governmental Affairs Conference, hosted by America’s Credit Unions in Washington D.C.! If you were unable to join us yesterday, this daily…
The 3 step budget: A simple budgeting process
A Gallup pollfoundonly “32 percent of Americans prepare a monthly budget.” This means many people live each month without a spending plan or a guide for their money. And without…
Tax benefits for college students and parents
Paying for college is an expensive venture, but did you know you can take advantage of special tax breaks just for college students and their parents? These benefits come in…
As GAC opens, credit union advocates and bankers resume tax fight
As 6,000 credit union advocates gathered in the nation’s capital this week, banking trade groups renewed their attacks on the credit union tax exemption. As you might expect, credit union…
Nussle: America’s Credit Unions exists to empower credit unions
Credit union wins require coordinated advocacy from the entire movement and at every level, America’s Credit Unions President/CEO Jim Nussle told attendees at the 2024 Governmental Affairs Conference (GAC) Monday.…
What you missed on Monday at #GAC2024!
If you thought you'd never see Jim Nussle in sunglasses and Converse All-Stars, strollin' out to Queen's "We Will Rock You" as his entrance music, then you were probably pretty…
Branding is a marathon, credit union marketing is a sprint
Running a community financial institution sometimes feels like a race. You’re hurrying to put out fires, you’re rushing to get daily tasks done and you’re still tackling strategic hurdles in…
Powering financial inclusion: The QCash story
Check out episode 10. In today’s episode we speak with Seth Brickman, the CEO of QCash Financial, about their small dollar lending platform and the services they are bringing to…
Diversity Insight: Chartway keeps delivering on its motto, ‘People First, Always’
It's my privilege to reflect on Chartway Credit Union’s ongoing efforts to embrace and enhance diversity, equity and inclusion within our organization. Grounded in our core values of relationships, communities,…
How to turn identity fraud prevention into a competitive advantage
Identity fraud is an ongoing issue for banking institutions, but advancements in new technologies, like GenAI, are ushering in a brave new world for security teams. Scammers are using the…
NCUA memo: Credit unions are not purchasing banks at fast pace
Despite the outcry by the banking community, credit unions are not purchasing banks at a quickening pace, according to a National Credit Union Administration memo obtained by Washington Credit Union…
Emergency funds: How to save for the unexpected
I once read thatnearly halfof Americans don’t have $500 saved to cover an unexpected expense. Back then, I was part of that statistic and felt the stress that came along…
Credit union growth shows success of mission, structure
Credit unions are growing and innovating because they continue to be a financial partner consumers trust,America’s Credit Unions and all state Leagues and Associations wroteto leaders of the Senate Finance…
#GAC2024 is here!
It's the first Monday in March and we've once again found ourselves in Washington D.C. at the Governmental Affairs Conference. This one is a little different because for the first…
Next City’s take on credit unions
Often, outsiders offer fresher insights into what makes credit unions special than found in the industry’s own internal coverage. Next Cityis a digital journalism site that provides innovative examples of…
How the CFPB can support credit unions – and consumers
America’s Credit Unions’ Advocacy team and I met with CFPB Director Rohit Chopra this week, and as you can imagine, we had a lot to talk about. We discussed how…
CFPB: Comparison-shopping websites should help consumers, not enrich owners
Ever wonder why your credit union isn’t showing up higher on websites that compare financial services? Maybe you’re not paying them enough. The Consumer Financial Protection Bureau announced Thursday that…
Headwinds challenge business membership growth
Business banking for credit unions comes with a promise and a warning: disruption and disintermediation are rife.According to Javelin Advisory Services, reports Lee Wetherington, senior director of corporate strategy for…