CU trades tell bankers to mind their own business
Banks that have been fined millions of dollars in recent years have no business opposing requests from credit unions for an exemption from CFPB supervision, credit union trade groups argued ...
The latest from John Pettit
Member relationships deepen as credit union membership increases
In 2018, credit union membership increased by 4.9 million people to reach 117.6 million at year-end 2018. That’s an annual growth rate of 4.4% — 27 basis ...
Tap to Pay: Five facts about contactless security
Tapping to pay is the future of fast, simple and secure payments at the point of sale as consumers around the world continue to adopt contactless. For example, in just ...
Intentionality starts with breathing
Three simple words, three simple actions, one game changer. I recently read the book “Pause Breathe Smile” by Gary Gach. The core focus of the book deals with intentionality. To ...
Strengthening our vision of an advanced digital ecosystem
My first six months at CO-OP as Chief Product Officer have been exciting to say the least. Even with two decades of experience in the payments and technology industry, I ...
Compliance: OFAC publishes framework for compliance commitments
The Treasury’s Office of Foreign Assets Control (OFAC) published A Framework for OFAC Compliance Commitments last week to provide guidance on the essential components of an effective sanctions compliance ...
NAFCU celebrates National Small Business Week
NAFCU President and CEO Dan Berger is highlighting credit unions’ engagement with small businesses in recognition of the Small Business Administration’s (SBA) National Small Business Week, which began yesterday. “...
Harness technology to automate your compliance efforts
Technology affords credit unions many benefits. It allows lenders to increase transaction speeds and analyze their risk management programs in ways that make life more convenient for both members and ...