A preferred language question on the government-sponsored enterprises' (GSEs) redesigned Uniform Residential Loan Application (URLA) will now be voluntary instead of mandatory, the Federal Housing Finance Agency (FHFA) announced last week. NAFCU flagged for the [...]
The demand for innovative financial solutions is rapidly evolving. Credit unions looking to stay competitive in the market will need to adopt a culture of innovation. However, building or buying capabilities is an expensive proposition. [...]
As credit unions compete more aggressively for small business loans, one expert believes many are moving too quickly and not paying attention to risk from fraudsters who are increasing their attacks in the space. He [...]
25 years ago, shopping malls reigned supreme, Neiman Marcus introduced the ‘gift card’1, and Pizza Hut started accepting online orders for the first time. Shoppers did not have the luxury of buying anything they [...]
It’s budget season for many credit unions right now. Organizations are deciding what will be their most important goals for 2020—and planning how they will fund them. This season of organizational reflection is [...]
Chase, Bank of America, Capital One, Discover, and other big issuers cast a long shadow over the U.S. credit card market. And now Apple, in partnership with Goldman Sachs, has joined the party just [...]
Ent Credit Union($5.7B, Colorado Springs, CO) rolled out a new customer relationship management system earlier this year and at the same time made a significant personnel move. To help ensure its new CRM [...]
You’ve heard about professional athletes who make some quick millions, see their career cut short and are broke a few years later. To some of us, this seems insane. But the reality is, if [...]
In a perfect world, every business would be built to last forever, but that's simply not the way things go. Competition ebbs and flows, some industries flourish, some companies flounder. In the credit union world, [...]
You could easily argue that a comprehensive training program is one of the most important items when considering an outsourced collections partner. This is where a collector will learn skills on how to excel when [...]
180,000 homes. 30,000 buildings. 150,000 lives. Tuesday, January 12, 2010 will forever be a day Haitians remember with a sense of sorrow. Members throughout Haiti’s credit union movement were hurting. Their [...]
The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to make specific modifications to the Uniform Residential Loan Application (URLA), including removal of a question CUNA feels could have raised legal [...]
NAFCU last week released a new-and-improved Regulatory Alert template to make it easier for credit unions to review and understand proposals, find contact information and provide comments. This member-only resource is sent when federal agencies [...]
Credit unions need to work together for the good of the movement, embracing collaboration as our “superpower,” says CUNA President/CEO Jim Nussle. “We do it better if we do it together,” he says. Nussle, [...]
Bloomington, Ill.-based insurance and financial services firm State Farm said it suffered a credential stuffing attack in which “a bad actor” confirmed valid usernames and passwords for State Farm online accounts. A State Farm [...]
