NAFCU to Congress: Lack of national data standard creates risk
NAFCU’s Brad Thaler reiterated the association’s call for a national data security standard to Congress Monday, arguing that not having one in place “creates risk, as bad actors ...
The latest from John Pettit
Watch out for the moose!
It’s a fact that change comes easier to certain people compared to others. While some embrace change as a chance for a new beginning, others look at it as ...
Grow your ‘curiosity muscle’
If your credit union is wildly successful, be very worried. That’s when complacency sets in, says Diana Kander, author of “The Curiosity Muscle.” “Every dollar you make is a ...
Former MCU board chair pleads not guilty as CU reports drastic membership & revenue loss
Sylvia Ash, a New York judge and former board chair of the $2.9 billion Municipal Credit Union, pleaded not guilty to three obstruction of justice charges in U.S. ...
Eye on payments 2019: Part II – Debit preferred, even online
It may surprise you to learn that a shift in preferred payment method occurred over the past year, where people of all ages are now reaching to pay with debit ...
Hemp regulations bring banking issues to the forefront
On October 29th, the USDA issued interim final rules providing a framework for the legal protection and distribution of hemp in states that choose to legalize it. The long awaited ...
8 avenues to avoid a fair lending exam
The Federal Financial Institutions Examination Council (FFIEC) in September released HMDA data for 5,683 U.S. financial institutions on 12.9 million home loan applications in 2018. The report ...
5 actions to take when tech cripples financial institution competitiveness
Who is really setting your financial institution’s strategic direction? You may think it’s top management and the board, and you may even think that the marketing function is ...