News Archives

Comments on CFPB RFIs, NCUA bylaws ANPR due in May

Comments on CFPB RFIs, NCUA bylaws ANPR due in May

Comments on several Bureau of Consumer Financial Protection (CFPB) proposals, as well as suggested changes to NCUA bylaws, are due in May. The first CFPB RFI deadline, on civil investigative demands, was last week, and [...]

NAFCU webinar gives CDD compliance tips ahead of deadline

NAFCU webinar gives CDD compliance tips ahead of deadline

NAFCU is offering a webinar today to help credit unions prepare for the Financial Crimes Enforcement Network's (FinCEN) customer due diligence (CDD) rule before next week's compliance deadline. NAFCU's Ann Kossachev will moderate the webinar. [...]

‘Trust the data’

‘Trust the data’

Members' data should drive strategy at your credit union, according to John Best, CEO of Best Innovation Group. “You’ve got to trust the data,” he says. To take full advantage of that data, Best [...]

Digital FCU’s fintech greenhouse

Digital FCU’s fintech greenhouse

$8.2 billion Digital Federal Credit Union, Marlborough, Mass., has signed a contract with one fintech startup and is running pilots with three others, reports CUES member David Araujo, CIE, CCE, the CU’s SVP/[...]

The power of data, exhibit no. 5,236

The power of data, exhibit no. 5,236

This may shock you. I'm a Penn State fan. Last year, the Penn State football team played at Maryland. Fantastic! A short 45-minute drive to see my Nittany Lions and no need for a hotel. [...]

Partnering to accelerate financial literacy

Partnering to accelerate financial literacy

Basic financial literacy skills are critical for success in today’s workforce. Yet, according to the Council for Economic Education’s 2018 Survey of the States, there has been no growth in personal finance education [...]

CUNA: Card agreement submissions easier, reminders helpful

CUNA: Card agreement submissions easier, reminders helpful

The Bureau of Consumer Financial Protection should send quarterly reminders about submitting credit card agreements, CUNA wrote to the bureau Monday. CUNA’s letter was sent in response to a bureau request to the Office [...]