Recent DOJ SCRA enforcement actions
In the past week, the Department of Justice (DOJ) issued two enforcement actions for violations of the Servicemembers Civil Relief Act (SCRA). While these cases do not involve credit unions, ...
The latest from John Pettit
How to identify members for proactive credit line increases
Credit scores and consumer spending habits have changed since the beginning of—and even throughout—the COVID-19 pandemic. FICO scores are up, credit card balances and delinquencies are down, and ...
Join career-minded lenders on CUNA Lending Council
The pandemic and volatile economic landscape forced credit union lending leaders to implement efficiencies quickly while testing the scalability of their teams. On December 1, some of these professionals will ...
NCUA announces post-examination survey pilot program
NCUA is piloting a new post-examination survey that will allow credit unions to provide timely feedback to the agency while helping to standardize the feedback process, according to the agency’...
Fed expected to reveal more about eventual plan to taper assets
The Federal Open Market Committee (FOMC) – the Fed’s monetary-policy setting arm – begins its September meeting today and is expected to hold the federal funds target rate range at its ...
The power of microfinance to deliver economic equity and inclusion
We credit unions all work hard to serve diverse communities and support individual community members in a just and unbiased way. In fact, credit unions were founded on cooperative values ...
‘Deputize’ members in fraud fight
Fraud protection is the most important factor when consumers select a payment card, surpassing customer service, rewards, interest rates, and other factors, according to Javelin Strategy & Research. But few financial ...
Is your loan process blindly leading borrowers?
Loan origination systems have been transformational for banks and credit unions. They have streamlined very complex processes and combined previously siloed systems for more efficiency. And they make handling the ...