CUNA wrote in favor of a successful amendment to the Consumers First Act (H.R. 1500) Wednesday, one that would ensure credit unions would be represented on the Consumer Financial Protection Bureau (CFPB) Consumer Advisory [...]
The CFPB's Credit Union Advisory Council (CUAC) and other advisory boards will meet June 5-6 to discuss various issues affecting the industry, including faster payments and the bureau's proposed rulemaking related to third-party debt collectors. [...]
The last thing you want as a credit union leader is for your organization to make headlines for exposing or losing customer data. Should this happen, you not only suffer a blow on your CU’[...]
Before setting out to brainstorm ideas on bringing diversity and inclusion to the forefront at their credit unions, the young professionals in Brazil heard from people who have done it themselves. The 14 credit union [...]
Getting your personal information hacked sucks. It’s a pain to deal with on every level. It causes more stress than the unnamed/unknown person felt on the set of Game of Thrones after they [...]
Digital banking is not the main element that drives consumers toward using a credit union. According to the Credit Union Innovation Playbook, a PYMNTS and PSCU collaboration, trust is the driving factor in that choice. [...]
If you are managing the social marketing content at your Financial Institution then you’ll want to read these 6 Financial Institutionmarketing tricks that work every time. As a content marketing agency for Financial Institutions, [...]
Businesses make advances in the fight against fraud, and then a billion new personal identity records get stolen, adding more fuel to the fire. This happened in 2018, according to Threatmatrix, and it signals continuing [...]
Credit card loan balances at credit unions nationwide grew 7.5% in 2018, ending the year at $62.4 billion. Credit card balance growth, however, slowed 1.6 basis points compared to 2017. This was [...]
The California Senate voted almost unanimously to pass a bill that would allow banks and credit unions to accept cash deposits from cannabis retailers. The 35-1 vote would allow banks to issue special checks to [...]
Financial Accounting Standards Board (FASB) has issued a new accounting standard called Current Expected Credit Loss (CECL) that will go into effect December 15, 2021. Here are three steps you can take to ensure your [...]
Is your credit union a member of a State League or Regional Association? If it is, are you fully engaged in all the opportunities that membership affords? Just like members of our credit unions have [...]
Now more than ever, ratings, likes and social recommendations play a major role in the process of selecting the products and services consumers use every day. When it relates to maintaining one’s financial well-being, [...]
Your credit union’s culture has its foundation in the simple rules or norms that influence the thoughts, emotions and behaviors of your employees in various workplace situations. Norms can become established unconsciously or consciously, [...]
CUNA maintains its longstanding position that the current expected credit loss (CECL) standard is inappropriate for credit unions, and backed a bill Wednesday that would require the standard to be delayed and studied by the [...]
