Credit unions continue to see strong gains in auto lending, but tried-and-true tactics may need a tune-up in the year ahead. According to Bob Child, chief operating officer at CU Direct, a “softening” of used [...]
Bloomberg news is highlighting two bills passed by Congress yesterday that I think are worth knowing about. First there is H.R. 1457. This bill would set a national standard for financial institutions, including credit [...]
According to a study from EY, investments in technology and innovation will have the potential to increase efficiency, manage evolving risks and meet consumer expectations that are required for sustainable success. Banks and credit unions [...]
As digitization has revolutionized financial services, new online and mobile tools have made financial advice and planning services more accessible to everyone. Now, advances in artificial intelligence (AI) promise to deliver a second big bang [...]
The House voted 397-8 Monday night to pass the CUNA-backed Making Online Banking Initiation Legal and Easy (MOBILE) Act of 2017 (H.R. 1457). The bill, introduced by Rep. Scott Tipton (R-Colo.) would allow financial [...]
Ahead of President Donald Trump's State of the Union address tonight, NAFCU is calling for increased regulatory relief for the credit union industry. NAFCU is actively engaged with the administration and Congress, federal regulators and [...]
This is a spiritual continuation of a series from a while back, titled Are You A Dumb Pipe. The idea is related; read on to understand how. For every 100 members buying a car, 8 [...]
I grew up in Montana. Bears are a reality if you venture out into the woods. Don’t be surprised if you happen upon a bear’s kitchen or living room; the wilderness is their [...]
Colleges and universities continually produce a fresh wave of enthusiastic workers. They are the future professionals, leaders and specialists of your credit union. These well-educated graduates are eager to change the world in their chosen [...]
Do you have a question about improving sales, employee performance or sales cultures? In our new column, Michael Neill, CSE, will take your questions and offer his best advice. Neill is president of Michael Neill &[...]
It won't be business as usual in 2018. Change is in the air in commercial banking, from new technologies and players to possible shifts in regulations and the tax code. How credit unions respond to [...]
Consumers ended 2017 by accelerating spending faster than their incomes, squeezing their savings rate to its lowest levels since the eve of the Great Recession. The U.S. Commerce Department reported Monday that personal savings [...]
Cryptocurrencies are constantly evolving, with popular currencies such as Bitcoin and Ethereum maintaining their popularity despite recent market corrections. At the core of both technologies is the cryptographically secure digital ledger known as the blockchain. [...]
Bank of America has been phasing out its no-maintenance fee eBanking account for a while, but in January 2018 they finally decided enough was enough and pulled the final plug on the product. BofA’s [...]
Fraud in 2018 will actually look a lot like fraud in 2017. These familiar fraud trends will include: Major data breaches Online phishing attacks & payment scams Non-chip enabled card fraud ACH & wire transaction [...]
