FOMC begins two-day meeting; no rate hike expected
The Federal Open Market Committee (FOMC), the Federal Reserve’s monetary policy-setting arm, begins a two-day meeting today, which is not expected to end with a rate hike. The committee ...
The latest from John Pettit
Facility Solutions: New headquarters development
The number and size of retail financial institution branches are declining, but due to such factors as mergers and growth, headquarters needs are increasing at thriving credit unions. Just 10 ...
CU leagues, trade groups support delay in CFPB payday rule
As the CFPB rewrites portions of its payday lending rule, state credit union leagues and national trade groups are calling for a delay in implementation and a broad exemption for ...
Will the FIS Worldpay merger impact your credit union?
It will take time to figure out precisely how much this impacts credit unions but there is little doubt that at some point it will. On Monday, FIS announced it ...
Diversity & Inclusion – Why credit unions should care
Diversity & Inclusion (D&I) programs have been around for decades, and frankly have created a limited amount of true positive impact. Credit union leaders have been trained on understanding the ...
6 ways credit unions use CDFI grants
The Community Development Financial Institutions Fund is once again on the chopping block. The Trump administration’s budget for 2020 would eliminate funds for the grants, which are used to ...
Setting the record straight on Elizabeth Warren’s new bill
Recently, a lot of questions have been raised in the press about whether Senator Elizabeth Warren’s new American Housing Economic Mobility Act of 2019 would increase credit unions’ regulatory ...
Banking and the impending Baby Boomer crisis
When Millennials get most of marketers’ attention — followed closely by Generation Z — one might easily get the impression that Baby Boomers have become irrelevant. To be sure, younger cohorts represent ...