As more and more consumers use digital applications to make their daily life easier, the importance of being the ‘go to’ payments solution for mobile or online payments has never been more important. Banks and [...]
Plenty of childhood stories and moral tales involve the use of a magic wand (or some other instrument of supernatural power). With it, a character can, with a simple wave of the hand, go back [...]
In April 2018, Wells Fargo continued to make headlines when federal regulators announced one of the largest fines levied against a financial institution: $1 billion for forcing customers into auto insurance and imposing unfair fees [...]
The financial industry is currently facing a tumultuous vehicle recovery environment spurred on by marketplace challenges that have come to the forefront over the past 24 months. In its simplest form, these marketplace challenges can [...]
A compliance officer sits at her desk dutifully reviewing a new policy. She is calm and relaxed – it’s almost time to go home for the day and her favorite song just came on the [...]
CUNA wrote to oppose a provision in the House version of the National Defense Authorization Act (H.R. 5515) that would exclude credit unions from the current resources furnished to them on military bases. CUNA [...]
Following NAFCU-led efforts, the House yesterday passed a two-year delay of the NCUA's risk-based capital (RBC) rule. The association has long advocated for a repeal or delay of the rule, and the association's efforts proved [...]
While speaking at a recent credit union league conference, I was asked by an attendee, “Are we going to learn how to be risk-free?” I responded, “If our goal is a completely risk-free credit union, [...]
At a restaurant, do you ask for a cola or a Coke? After showering, do you reach for a cotton swab or a Q-tip*? When you tell someone to look up something on the Internet [...]
For many engaged couples, saying yes to the proposal was probably the easiest decision you made on the journey to your wedding day. Before getting to “I do”, the to-do lists keep growing exponentially. Suddenly, [...]
Credit unions often ask me what they need to do to have a strong cybersecurity program. I often respond with the following 10 considerations. 1. Executive Leadership Involvement When it comes to cybersecurity and risk [...]
It’s been a long day already, and you haven’t even made it to work yet. Your alarm went off at 5 a.m. You intended to make it to that new boot camp [...]
Credit unions enjoyed faster loan growth from March to April than a year ago thanks to the strength of used car loans, business loans and adjustable-rate purchase mortgages, according to a CUNA Mutual Group report [...]
Hello folks. I know I said that I would be dedicating today’s blog to another regulation finalized at NCUA’s Board meeting last Thursday but the Supreme Court decided Ohio v. American Express Company [...]
This morning I watched the news while getting ready for work, checked my social media, and listened to the radio on the drive in – so I know I that am not alone in my concerns [...]
