In 1992, political strategist James Carville, for then presidential candidate Bill Clinton, coined the phrase “it’s the economy, stupid”. He was positioning Clinton as a better choice for president than incumbent George H.W. [...]
The National Credit Union Foundation (the Foundation) has opened nominations for the 2024 Herb Wegner Memorial Awards. The awards are the credit union movement’s highest national honors and recognize outstanding leaders, programs, and organizations [...]
NAFCU Regulatory Affairs Counsel Dale Baker sent a letter to the CFPB outlining concerns about recent notices from the bureau to credit unions that some data in Home Mortgage Disclosure Act (HMDA) Loan/Application Registers ([...]
Though the financial sector will see many trends come and go, people and businesses of all sizes will always have to pay their bills. And though that will never change, the way we make payments [...]
For the first time in years, the economic environment is forcing credit unions to aggressively compete to attract deposits. Add to this economic backdrop the recent bank failures triggering a “flight to quality,” and you [...]
If you discovered your credit union members had borrowed $6 million in payday loans—in just six months—accruing $900,000 in fees in the process, what would you do? This was precisely the challenge [...]
In a recent webinar, we invited financial institutions to take a survey to reveal their concerns about fraud and real-time payments. Here are the results:
Today’s economy is not a forgiving place. With high inflation and interest rates, it can be challenging for members to manage even small expenses, let alone costly bills like auto loans and mortgages. Cox [...]
Happy Wednesday! Here is a little fun fact to start your day… today is National Garden Meditation Day! Since it is still the middle of the work week, it may help you to recharge by [...]
By now, we can all agree that AI and the emergence of tools like ChatGPT are changing everyday life, sometimes seen and unseen. Being the father of twin daughters, I can confidently state that ChatGPT [...]
As National Fair Housing Month, April offers credit unions an opportunity to continue pushing affordable housing and equal opportunity initiatives forward. Homeownership is directly tied to a community’s well-being and helps cultivate wealth for [...]
When the first rural credit unions were formed way back in the late 1800s, the impoverished, weak, and underbanked were at the core of such systems. The pioneer of these cooperative financial organizations is Friedrich [...]
CUNA joined other financial services trade organizations Monday in making a second request that the Consumer Financial Protection Bureau (CFPB) extend the deadline for its proposed rule on credit card late fees. The organizations previously [...]
As part of the CFPB’s required review of the mortgage loan originator rules under Regulation Z, NAFCU Regulatory Affairs Counsel James Akin offered support for the rules as they stand and recommended opportunities for [...]
Corporate social responsibility is capturing greater focus across industries, especially as socially and environmentally conscious millennials and Gen Zers enter the workforce. “In Deloitte’s 2017 Volunteerism Survey, close to 70% of employees said they [...]
