The Federal Reserve Board Thursday finalized amendments to Regulation J, specifying the terms and conditions under which Reserve Banks will process fund transfers through the FedNow Service. The final rule ...
If you serve on a board, you know that nearly every board meeting has operated in a primarily digital setting for two full years. For many boards, this digital and ...
Small credit unions survive on their personal relationships with members. But back-office support, while essential to the survival of any financial institution, can be resource intensive and diminish member engagement ...
Each year in May, we celebrate Mental Health Awareness month. After two years of pandemic stress, keeping up with constantly changing news cycles, and dealing with increasing economic uncertainty, we ...
A source of angst for neobank creators and the investors who back them may suggest a potentially successful strategic direction for traditional institutions large and small that are willing to ...
Someone—it’s not clear who—once used the term “lies, damn lies and statistics” to describe how numbers can be used, and misused, to bolster arguments. For years, credit ...
Two weeks ago, the Consumer Financial Protection Bureau (CFPB or bureau) issued an advisory opinion to clarify the Equal Credit Opportunity Act (ECOA) and its implementing regulation (Regulation B) prohibit ...
The European Council presidency and European Parliament reached a provisional agreement on the Digital Operational Resilience Act (DORA) that allows for the proportional treatment of credit unions under new regulatory ...
