Fintech partnerships: Focus on member value
While credit unions initially viewed fintechs as competitors and disruptors, they’ve become valuable partners in many instances, a panel of industry leaders said Wednesday during the 2022 CUNA Finance ...
The latest from John Pettit
Purposeful Talent Development: 9 reasons your bench is weak (and how to remedy each)
Here are some “givens.” Endless and annual CEO, C-suite and board surveys confirm that everyone is concerned about the strength of the talent bench. They state that the quality of ...
Leveraging analytics in your promotional campaigns
During the last few years, the buzz about data analysis for financial institutions has been around predictive analytics. This trend accelerated when the country was shut down and it became ...
How AI enables credit unions to overcome today’s auto lending challenges
We recently held a webinar with NAFCU covering “Disruption and Digitization in Auto Finance.” Val Gui, Vice President, Automotive Lending at Upstart, highlighted the opportunity for credit unions to capture ...
Resources for borrowers: Tips for maintaining high-mileage vehicles
According to a recent report in Automotive News, “China’s efforts to curb its largest COVID-19 outbreak in two years has forced companies like automakers Toyota Motor Corp. and Volkswagen ...
SBA failed to help lenders root out PPP fraud
The Small Business Administration (SBA) failed to provide lenders, including credit unions, with crucial guidance they needed to help root out fraud in the Paycheck Protection Program (PPP), the agency’...
Illinois Credit Union League-led legislation enacted into law
Illinois Governor J.B. Pritzker signed Illinois Credit Union League-initiated legislation HB 4462 into law May 13, which amends the Illinois Credit Union Act. The bill–which passed both chambers ...
CFPB cracks down on ‘black-box’ algorithms used for credit underwriting
The CFPB Thursday highlighted that federal anti-discrimination law requires companies to explain to applicants the specific reasons for denying an application for credit or taking other adverse actions, even if ...