The CFPB will hold a town hall focused on debt collection May 8. The bureau's fall rulemaking agenda indicated that it would issue a rule related to debt collection practices this spring; NAFCU maintains that [...]
I’ve been hearing about the “dark web” for a few years. In the past, it had always seemed like something out of a James Bond or Mission Impossible movie—or a place where Lisbeth [...]
Violinist Kai Kight likens leaders to composers: they must coax the sweetest notes out of their performers regardless of the instruments they play. “Composers must revise their music so it fits the individual’s context,” [...]
An unidentified database laid bare the information of 80 million U.S. households, including full addresses complete with longitude and latitude, according to a vpnMentor research team that discovered the exposure. Per the vpnMentor report, [...]
Back in the 40s, the comedic team of Abbott & Costello made famous a skit called “Who’s on First?” The premise of the act was about clarifying a confusion of names, and determining who [...]
Greetings Compliance Friends! One of NCUA’s primary areas of supervisory focus for 2019 is to examine for liquidity risk, and in particular “credit union management’s ability to meet liquidity needs given the increased [...]
Credit unions and banks spend a great deal of time focusing on the consumer experience, as they should. That experience is a key point of differentiation for you, but so is the employee experience. According [...]
Following the path forged by EMV chip cards before them, contactless plastic is expected to ride a major wave of adoption this year and next. In fact, they’ll be on the same card. The [...]
According to JD Power's 2019 U.S. Retail Banking Satisfaction Study, just 4% of consumers switched primary banks in 2018. This was the lowest level of switching ever recorded by the research firm, down from [...]
According to the CDC, nearly half of all adults in the United States do not have resources or plans in place for an emergency situation. For some folks, this can be attributed to an attitude [...]
Everyone talks about the struggle for credit unions to ante up on technology spending to keep pace with the competition, but staff salaries and benefits command a larger share of most credit union budgets. And [...]
A colleague recently shared an article with me titled, “A Nudge for Learners to Stay in a Continuous Beta State,” by Damodar Padhi. In it, Padhi writes about how we all have two versions of [...]
Despite a record-low 3.8 percent unemployment rate, American consumers still have difficulty meeting immediate and emergency living expenses. The demand for short-term liquidity is, in fact, staggering with 78 percent of consumers living paycheck [...]
With Congress back in Washington, D.C. after a two-week recess, CUNA is engaged with several hearings, including ones addressing financial regulator supervision, robocalls, diversity and inclusion, payday lending and data privacy, among others. This [...]
The Federal Open Market Committee (FOMC), the Federal Reserve's monetary policy-setting arm, begins a two-day meeting today, which is not expected to end with a rate hike. The committee last raised the federal funds target [...]
