Overdraft fees: Holding the moral high ground
An early financial services trend of 2022 involves big banks announcing plans to eliminate or dramatically reduce overdraft fees. Capital One kicked off the process in December, with Bank of ...
The latest from John Pettit
Consumer credit is on the rise—what it means for your borrowers
As we kick off 2022, pandemic blues are still very much part of our daily lives and many Americans are contributing to the economic recovery by spending their feelings. They’...
2022 trends reflect a new era for banking
For most of the past two decades before the pandemic, the banking industry assumed a mostly passive mode with respect to change and innovation. Even though the marketplace was changing ...
House passes marijuana banking measure for sixth time
The House on Friday passed marijuana banking legislation for the sixth time, sending it to the Senate, where its fate remains uncertain. This time, the marijuana provision was attached to ...
NCUA plans for succession plan requirements
A few weeks ago, the National Credit Union Administration (NCUA) Board held its January 2022 monthly meeting. During the meeting, the Board approved a proposed rule that, if adopted as ...
Kebede: Strong January jobs report despite omicron surge
CUNA Senior Economist Dawit Kebede issued the following statement in response to the Labor Department’s January jobs report: “The labor market posted strong job growth in January despite an ...
Vehicle sales rise in January following consistent decline in previous months
Total vehicle sales rose from 12.5 million annualized units to 15 million annualized units in January, with monthly sales levels down 10.6 percent year over year. NAFCU Chief ...
Diversity Insight: Improving employee culture with a dispersed workforce
The case for hybrid work is well-made, and both employees and organizations continue to define what that looks like with a shared focus on employee well-being and company success. With ...