The California Department of Business Oversight issued a cease and desist order against Coceptive Credit Union, which claimed it was doing business from the heart of San Francisco’s financial district, but state regulators said [...]
We are entering the stretch run for passage S.2155 (Economic Growth, Regulatory Relief, and Consumer Protection Act.) If all goes according to plan, sometime next week the House is expected to take up a [...]
Every business, from Nike to the smallest local mom and pop store has a finite amount of money to spend on advertising. But not all advertising is equal, and there are some forms of marketing [...]
For many consumers, spring puts financial security and financial wellness top-of-mind. Banks and credit unions often chose to focus their efforts on providing advice and financial education resources in April, when both Tax Day and [...]
Greetings Compliance friends, today is the day! As many of you know, today is the mandatory compliance deadline for FinCEN's Customer Due Diligence (CDD) requirements. FinCEN originally published the final rule on May 11, 2016, [...]
We all know that an organization won't get very far or be very successful if it's plagued with uncertain expectations and unfulfilled objectives. While these results are easily avoided through clear and concise messaging – from [...]
CUNA wrote House and Senate appropriations leaders in opposition to any rescissions from the Capital Magnet Fund (CMF), in response to proposed cuts from the administration. The fund provides grants to Community Development Financial Institution ([...]
NAFCU President and CEO Dan Berger yesterday updated credit unions on the status of the NAFCU-supported Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155), and outlined the association's efforts to achieve additional regulatory [...]
BSG Financial Group, a provider of profit-enhancement and compliance solutions for financial institutions nationwide, recently hosted an educational webinar entitled, “Maximizing Social Media for Community Financial Institutions.” The webinar provided instruction on social media compliance [...]
Is your credit union capitalizing on members auto buying needs? It’s a simple enough question, yet when it comes to finance options, are you going the distance? Aside from traditional auto loan financing, auto [...]
Fred Dalit, CEO of the Hawaii-based Honea Federal Credit Union doesn’t follow the crowd when it comes to lending. “Many of our members only save and don’t take out loans. This drives our [...]
Over the next few weeks, college graduates will don caps and gowns, accept their diplomas and celebrate a great accomplishment. All those years of studying have led to this moment. And now, with degree in [...]
As Bitcoin and other popular cryptocurrencies continue to develop and increase in popularity, credit unions should know what that means for them. The number of members who explore cryptocurrencies is expected to continue to rise, [...]
Have you ever read or watched the news and come away convinced that threats lurk around every corner? When bad news bombards your senses, it is only natural to assume that, for example, crime is [...]
On May 4, more than 800 members attended the 102nd annual meeting of Municipal Credit Union in New York City, where they were told their president/CEO Kam Wong was on leave. Just four days [...]
