News Archives

4 indisputable steps to optimized customer engagement

4 indisputable steps to optimized customer engagement

Gone are the days of a linear banking experience. The banking journey has evolved into a dynamic path, defined by a proliferation of touchpoints and owned by customers who desire a better omnichannel experience. However, [...]

5 ways self-awareness gives you a competitive edge

5 ways self-awareness gives you a competitive edge

To be a better leader, you must first understand yourself: your strengths and weaknesses, what drives you and what keeps you grounded. We can't get to the next level and be fully successful without this [...]

BCFP updates HMDA compliance guide w/ S. 2155 changes

The Bureau of Consumer Financial Protection has updated its small entity compliance guidefor the Home Mortgage Disclosure Act (HMDA) to reflect changes in the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) and [...]

Election predictions lead financial industry to donate to House Dems

Election predictions lead financial industry to donate to House Dems

As pre-election polling hints that Democrats are poised to possibly win control of the House in the next Congress, the securities and investment industries – as well as banks – are giving more money to Democrats, especially [...]

Time to put your credit on ice?

Time to put your credit on ice?

Reports of data breaches, malware attacks and other identity theft schemes have many Americans scrambling for ways to protect their financial information. A credit freeze, which prevents the opening of any new credit accounts in [...]

‘Flat’ mortgage market ahead

‘Flat’ mortgage market ahead

This year is turning out like most people predicted in the mortgage arena. Rising interest rates have significantly hampered the mortgage refinance market. The growth of the purchase market can only be as great as [...]

Fight fire with funds

Fight fire with funds

October 8, 2017, was like any other Sunday for Redwood Credit Union ($4.4B, Santa Rosa, CA). But business as usual was about to change. At close to 10 p.m. a fire started in [...]

Stay alert to curb cybercrime

Stay alert to curb cybercrime

Community banks and credit unions have special appeal for cyber criminals. Why? Smaller financial institutions maintain large amounts of financial and personal data, but are perceived to lack the same well-fortified defenses that big banks [...]