CFPB’s report on credit card late fees
A few weeks ago, the Consumer Financial Protection Bureau (CFPB) published a report reviewing the trends in credit card late fees over the last few years. CFPB Director Chopra says, “...
The latest from John Pettit
Virtual event to share realities of CUs, members on ground in Ukraine
As the Russian invasion of Ukraine continues to inflict needless suffering, death and destruction, credit unions in both conflict and non-conflict zones are still striving to serve their members and ...
New York Fed releases housing survey results; predicts household price rise in next year
The Federal Reserve Bank of New York released results Monday from its 2022 SCE Housing Survey, revealing that households expect home prices to rise at a faster pace than expected ...
How to build a budget that works for you
Whether you’re looking to make a big purchase or think it’s time to take control of your finances, building a budget is a smart first step. Learning how ...
The problem with consensus
Can consensus be a bad thing? That’s a loaded rhetorical question. Of course, it can. You read the title of the article. So, as I lead into my thoughts ...
4 ways to keep younger consumers from leaving your FI for a fintech
Fintechs have evolved from being an “existential threat” to traditional banks to being “the key to success” via partnering. In reality, both scenarios coexist. And while “partnering” is the more ...
What you need to know about check fraud
You’re probably aware of the numerous ways scammers try to con money out of victims through the Internet. What you may not know, though, is that in the past ...
Low-income credit unions can apply for CDRLF grants starting May 2
Eligible credit unions with a low-income designation may apply for Community Development Revolving Loan Fund (CDRLF) grants between May 2 and June 24, the National Credit Union Administration (NCUA) announced ...