Why consumers don’t trust financial institutions
My spouse and I are considering refinancing our home to see if we can lower our monthly payment before interest rates rise. I made the mistake of filling out an online form which sent my [...]
My spouse and I are considering refinancing our home to see if we can lower our monthly payment before interest rates rise. I made the mistake of filling out an online form which sent my [...]
Holiday 2018 spending could reach $1 trillion, according to PWC research. While retailers and financial providers look at the number and see dollar signs, unfortunately so do fraudsters. Last year, online fraud attempts increased by [...]
The Financial Accounting Standards Board (FASB) has officially issued an update to its current expected credit losses (CECL) standard, delaying implementation for credit unions for fiscal years beginning after December 2021. CUNA strongly pushed for [...]
Urging Congress not to listen to the misinformation being spread by bank lobbyists regarding the Community Reinvestment Act (CRA), NAFCU President and CEO Dan Berger reiterated Friday why this law applies to banks and provided [...]
The Fair Credit Reporting Act entitles everyone to one free credit report every year from each of the three nationwide credit bureaus, but many consumers don’t take advantage of it. People tend to request [...]
Millions of U.S. shoppers are about to launch an all-out assault within the next few weeks as the 2018 holiday shopping season kicks off. According to the National Retail Federation, 2017 holiday shopping sales [...]
If you’re struggling to find the energy to accommodate all that demands your time, you’re not alone. In today’s fast paced world of constant communication and ever increasing technology, many are finding [...]
Credit unions give back to their communities in a variety of ways every single day. But when we come together and aggregate our impact – it sends a powerful message to our employees, members, communities and [...]
To inspire and stand out, women must step up as authentic leaders and champions of diversity. They need to overcome obstacles and bounce back when they’re knocked down. It’s no easy feat for [...]
The Senate intends to vote after Thanksgiving on the nomination of Kathy Kraninger to become the director of the CFPB. Senate Majority Leader Mitch McConnell (R-Ky.) filed a cloture petition Thursday—a move that indicates [...]
As credit unions and banks continue to upgrade their systems to protect themselves and their account holders from potential fraudulent card activity at the ATM, the expensive task of reissuing credit and debit cards – and [...]
The loan-to-share ratio can be deceiving. It’s calculated by dividing the total amount of outstanding loans by the total amount of share deposits. While this ratio serves as a good indication of a credit [...]
On October 17, 2018, Acting Director of the Bureau of Consumer Financial Protection (BCFP) (previously the Consumer Financial Protection Bureau - CFPB), Mick Mulvaney, announced at the Mortgage Bankers Association, that the Bureau has set [...]
Once tasked with the nuts and bolts of automating analog processes, digital innovation officers are evolving with the banking industry. Standing up digital offerings, supporting emerging technologies and finding new value in products, processes and [...]
Financial institutions face a unique challenge when it comes to web content. As consumers increasingly shop for financial products online — 40% by 2020, according to projections from McKinsey — their path to purchase relies heavily on [...]