Today, Federal Reserve Governor Lael Brainard announced the central bank's plans to develop a real time gross settlement service, called FedNow Service. NAFCU has pressed the central bank to play an operational role in efforts [...]
The next decade is poised to deliver an exponential rate of change in consumer financial services. As described below and in the EY report, NextWave Consumer Financial Services Insights, the key drivers of exponential industry [...]
Credit unions in states where marijuana is legal won’t be sanctioned for providing services to cannabis-related businesses as long as they follow money laundering, Bank Secrecy Act, safety and soundness and other rules, NCUA [...]
So, you have finally decided that storing your credit union core servers in your old school computer room may not be the best option. If so, then you’re in the right place: our guide [...]
For decades, the products offered and the channels used to deliver financial solutions have changed very little. There was small risk to being complacent, because the consumer was modestly satisfied with what the industry provided. [...]
At this year's Regulatory Compliance Seminar that will be held in Savannah, Georgia, from October 1st through the 4th, the NAFCU Compliance team will be unveiling an advertising workshop solely related to HELOCs and closed-end [...]
Welcome to episode 32 of The CUInsight Experience podcast. Hosted by Randy Smith, co-founder and publisher of CUInsight.com. On this episode, Randy is chatting with Bob Trunzo the president and CEO of CUNA Mutual [...]
In 2014, I met Josh Linkner for the first time. I heard him speak several times before, and he had just published his third book, “The Road to Reinvention.” Prior to becoming a full-time author [...]
Fidelity National Information Services, better known as FIS, recently closed a significant acquisition, merging with international payments firm Worldpay, Inc. This move enhances the global technology position of both companies. It enables them to serve [...]
Far be it for me to dictate your relationship with your favorite word processor. Go on, keep your margins at the safe 1 inch. It’s not as if you’re putting text there anyway. [...]
The Consumer Financial Protection Bureau (CFPB) has extended the comment period for its proposal on debt collection to Sept. 18, past the original deadline of Aug. 19. According to the CFPB, this will allow “interested [...]
Lawmakers in the Senate Thursday passed the two-year $1.37 trillion budget deal before heading home for the August recess. The deal – which also seeks to suspend the debt ceiling to July 2021 – passed in [...]
The communities many credit unions serve today have evolved over decades. Whether employers of select employee groups CUs served in the past have closed or the communities that surround them have changed demographically, most credit [...]
Today’s board members don’t want to carry around reams of paper or wait until a few days before the meeting to start reviewing the board packet. They also aren’t always able to [...]
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has updated its email fraud guidance to alert financial institutions to trends in reported business email compromise (BEC) fraud. The guidance to “Advisory to Financial Institutions [...]
