Part 2: Death to overdraft fees? Not quite.
When a transaction exceeds the amount in the consumer’s account, financial institutions can allow the transaction to go through for a fee, called an overdraft fee. This is also ...
The latest from John Pettit
Credit union trades applaud CFPB decision to supervise fintechs
The Consumer Financial Protection Bureau (CFPB)’s decision to establish supervisory powers over nonbank financial institutions will level the playing field and subject those companies to much-needed scrutiny, credit union ...
Financial inclusion, and credit unions’ mission to offer access for everyone
According to CUNA’s Abigail Truhart’s piece in CUNA News recently, the beating heart of the credit union movement and mission is standing up to inequities through financial inclusion. ...
Breaking down the drivers of home affordability
The cost of living is going up. The Bureau of Labor Statistics’ (BLS) April Consumer Price Index (CPI) rose 8.3% over the past year, higher than consensus estimates. From ...
Economic Update discusses Q1 results, Fed’s next steps
CUNA Chief Economist Mike Schenk discusses the overall health of the economy, the Federal Reserve’s next steps, and the stock market in the latest Economic Update. “If you forced ...
ICYMI: Biden vows to ‘bring inflation down’ in new op-ed
President Joe Biden Monday published a Wall Street Journal op-ed outlining a plan to both lower costs for American consumers and tackle looming inflation concerns. Citing a multitude of challenges ...
How to achieve maximum potential
Whether they serve anyone in a branch of the U.S. armed services, employees of a single company or several enterprises, or those who live, work or worship in a ...
Financial innovation persists through market turmoil
Its timing and San Francisco backdrop provided an added dimension to last week’s Finovate Spring conference. A procession of seven-minute demos from 52 fintech innovators remained the main attraction ...