The United States is among 31 countries examined in a recent Cambridge University study that finds an alarming number of adults are deficient in basic financial skills. According to a BBC analysis, the study concludes [...]
As our financial institution clients have been kicking off 2018 and finalizing their goals and strategies for the year, I was reminded (and have reminded them) of the following quote from Walt Disney: “You can [...]
Almost everyone in America goes through at least four major life events that result in a 10% or larger drop in income. These challenges - a major illness, job loss or divorce - cause 60% [...]
As Facebook changes its algorithms to focus on friends and family over brands, credit unions will need to revisit their strategy for the social platform. According to Facebook’s blog on the new News Feed, “… [...]
Open banking is coming to the U.S. Although this claim is now approaching conventional wisdom, the consensus extends no further. Diverging views abound on how soon it will arrive, its effect on traditional financial [...]
Credit unions that have been content to sit back and make up for declining debit swipe fees with greater volume should more closely manage their debit program or expect a 1%-3% decline in payments [...]
Spring Break 2018 is here, and travelling is the number one way to spend the week off. Travelling to international destinations is a popular spring break activity. And according to a recent Visa travel study, [...]
We hear a lot about EMV technology these days. In the U.S. alone, 13,000 U.S. financial institutions issue EMV-enabled cards and 450 million EMV cards were in use as of last year. [...]
It is that time of year, so let’s talk about Automated Clearing House (ACH) direct deposits for tax refunds. Recently, we received a great question from a credit union asking if credit unions are [...]
Chris Skinner is one of the foremost influencers in the financial services industry, being both a highly prolific speaker as well as the author of several books, including Digital Bank and ValueWeb. His blog, The [...]
Credit unions may not be able to compete marketing-dollar to marketing-dollar with megabanks—but, thankfully, they don’t have to. Sometimes simpler is better, especially if that simplicity reflects the powerful differentiators that set credit [...]
House and Senate negotiators released their fiscal year 2018 omnibus spending legislation Wednesday, which contains many wins for credit unions. CUNA again won a battle in the bill to keep the NCUA out of the [...]
The Federal Open Market Committee (FOMC), at the close of its two-day policy-setting meeting Wednesday, said it will increase the federal funds target rate by a quarter-point to a range of 1.5 to 1.[...]
From Mondays when business is slow to right before closing when salespeople are in a hurry, there’s no shortage of theories about the best time to negotiate the best price on a new car. [...]
In football, there are penalties for piling on: Once the ball carrier is down, other players can’t join in the tackle or hit the carrier with too much force. There are no such prohibitions [...]
