‘Ask and listen’
I am a reformed banker and was doing commercial lending for a community bank in southeast Wisconsin. An old middle school friend was the financial analyst at Guardian Credit Union ...
The latest from John Pettit
4 reasons why redisclosures are essential to your CU’s operations
You could say uncertainty is the only certainty in the financial services industry. In addition to the challenges of a global pandemic, credit unions are navigating constant change – whether a ...
Recent NCUA derivatives ruling is a game-changer for many credit unions
In late May, the National Credit Union Administration board approved a final ruling on derivatives use that aims to offer some federal credit unions more flexibility to manage interest rate ...
Payments are the pathway to relationship primacy
I talk to credit union CEOs almost every day. As we approach the other side of this pandemic many have accelerated their move to digital, understanding that their members’ priorities ...
Ransomware returns; FinCEN innovation hours
Recently we blogged about various compliance considerations for credit unions dealing with ransomware. That blog published mere days after a major oil pipeline serving the Eastern United States was crippled ...
Bringing back the 1990s!
Remember the good old days of the 1990s? Back in the day, you could drive your Saab 900 to Bed Bath and Beyond to get some towel racks on your ...
CFPB issues FAQs on escrow accounts, Regulation E
The Consumer Financial Protection Bureau (CFPB) recently issued sets of frequently asked questions on Electronic Fund Transfer Act and Regulation E requirements, as well as servicing escrow accounts under Regulation ...
NAFCU urges House leaders to support efforts to overturn harmful true lender rule
NAFCU’s Brad Thaler Monday wrote to House Speaker Nancy Pelosi, D-Calif., and House Minority Leader Kevin McCarthy, R-Calif., along with all House members, to call for support of a ...