Reflections on intersectional allyship
During the CU Pride Leadership Conference earlier this month, members of one of the panels talked about their experiences with “intersectional allyship.” Being an ally, in simple terms, means being ...
The latest from John Pettit
Fair lending obligations and decision-making algorithms
A few weeks ago, the Consumer Financial Protection Bureau (CFPB or bureau) issued Consumer Financial Protection Circular 2022-03 to remind creditors of their obligations under the Equal Credit Opportunity Act (...
NCUA sets June 22 webinar on challenges facing small credit unions
Nearly two-thirds of all federally insured credit unions have less than $100 million in assets, and they face an array of challenges in a rapidly changing financial services market. Staff ...
Consumer credit hits record total high of $4.57 trillion in April
Total consumer credit rose 10.1 percent, at a seasonally adjusted, annualized rate, in April and is up 7.5 percent compared to a year ago. Revolving credit – primarily credit ...
Is diversification in your auto loan offerings the saving grace for non-interest income generation?
Both new and used car prices soared during the pandemic because of chip shortages and growing inflation. The latest data from the U.S. Bureau of Labor Statistics shows used ...
PODCAST: Celebrating Pride
Credit unions celebrate Pride Month with their own collective voice of identity and representation. CU Pride, the LGBTQ+ association for credit unions, provides a space where credit union LGBTQ+ colleagues ...
How CIOs can achieve buy-in for digital transformation
When a decision-maker approaches technology decisions from a business background, they’re not always swayed by the right factors. They end up obsessing over the marketing’s promises of ROI ...
Key questions for FIs choosing a consumer loan origination solution
Loan origination systems (LOS) can be simply defined as a digital platform that facilitates the lending process from application through the disbursal of funds. While the definition may be straightforward, ...