US markets soared higher on Wednesday afternoon following the Federal Reserve’s final policy decision of the year. The Dow rose 1.4%, closing at 37,090.24 and blazing past its previous record high [...]
The report: Retail Lending: Risk Management of “Buy Now, Pay Later” Lending Published: December 2023 Source: Office of the Comptroller of the Currency (OCC) Why we picked it: No matter your personal feelings about buy [...]
Heading into the final months of 2023, it’s important for credit unions and their leadership teams to have a firm understanding of the large trends in the automotive industry. Staying current on industry trends [...]
On November 28, 2023, the Consumer Financial Protection Bureau (CFPB) announced a $12 million civil penalty and the filing of a consent order against Bank of America, N.A. (BoA) for allegedly reporting false mortgage [...]
‘Tis the season to be jolly! Unfortunately, though, not everything about the holiday season is all happy and nice. As always, scammers are on the scene, ready to turn the joyous season into a nightmare. [...]
Debit cards are increasingly vital in the financial landscape, especially for credit unions. As cash usage declines and competition for members' loyalty intensifies, credit unions must make strategic choices regarding payment networks and card programs. [...]
Electronic Bill Presentment and Payment (EBPP) is impactful for all financial institutions, but is especially so for credit unions. This technology not only streamlines billing processes but also profoundly impacts member engagement and satisfaction. In [...]
The year is winding down and the holidays are finally here! Along with being the season of good cheer, it's also the tail end of yearly marketing budgets for most everyone in the financial industry. [...]
Winter presents challenges to business owners, like power outages, frozen pipes and uncomfortable workplace temperatures. The good news is it’s possible to keep productivity consistent and run a company as usual this season with [...]
CUNA Deputy Chief Advocacy Officer for Federal Government Affairs Jason Stverak spoke with CBS21 on credit unions' efforts against the big box interchange bill and how it would negatively impact everyone except the biggest retailers. "[...]
The Federal Open Market Committee (FOMC), the monetary policy-setting arm of the federal reserve, begins its final two-day meeting of 2023 today. Ahead of the discussion around the state of the economy, NAFCU Vice President [...]
The pressure to deliver immediate results has led many marketers to focus on short-term activation strategies and less on brand building. Balancing short-term activation with long-term brand investment is crucial for lasting success. According to [...]
“I guess people used to think my music was noise.” Toward the end of his career the “King of Swing” Benny Goodman was due to record at a studio. Just down the hall a punk [...]
Traditionally, consumers have relied on their primary financial institutions (FIs), such as banks or credit unions (CUs), for credit products like credit cards, mortgages, auto loans and personal loans. However, increased competition from non-bank and [...]
“Fired up and ready to go” is not just for political campaigns any more. According to a new survey from Ernst & Young, that sentiment aptly describes the attitude of a growing number of leaders [...]
