In their Q2 report, Historically Low Delinquency Rates Coming to an End, economists at the Federal Reserve Bank of New York made the following observations about the economy that point to delinquency storm clouds brewing [...]
If you have vendor contracts expiring within the next 12-24 months, it’s imperative that you do not let them auto-renew. Why? Because it’s possible you’re not getting the most advantageous deal. And [...]
Publisher's Note: Join us for Mini-Con Series: REFUEL on November 16 to hear more from Karen Allen! We all know what it feels like to be running on fumes. You feel tired, overwhelmed, anxious, irritable, [...]
The Consumer Financial Protection Bureau (CFPB) issued guidance on “junk fees” this week that raise several concerns over the treatment of financial institution fees. The CFPB states overdraft and depositor fees likely violate the Consumer [...]
New home sales fell 10.9 percent in September to 603,000 annualized units. Sales in August were revised down 8,000 units. Compared to last year, September sales were down 17.6 percent. NAFCU [...]
CUNA Senior Economist Dawit Kebede covered housing market trends and more on the economy in CUNA’s latest Economic Update. “By conservative estimates we need 1.72 million homes per year for the next 10 [...]
Innovation is not just about adoption of technology, it’s also a change in mindset. Especially for some traditional banks that have been operating for over a decade, this mindset shift in the lending space [...]
With inflation leading to increased costs of living, such as housing, groceries, and other daily expenses, there is an essential need to ensure our military members are receiving the best financial services from our Nation’[...]
Employee turnover is one of the most serious threats facing credit unions today. There is an undeniable link between employee engagement and employee retention. Engaged employees are retained employees. On the other hand, disengaged employees [...]
President Biden announced on Wednesday a government-wide crackdown on “junk fees,” including new efforts by the CFPB to eliminate bank charges that catch consumers by surprise. “These so called ‘junk fees’ are not just an [...]
When we discuss profitability, we often examine individual product types and their return on investment. For example, a specific loan’s profitability would be measured by adjusting its yield to include non-interest income, less applicable [...]
Top of mind today for regional and community financial institutions is how to keep up with the increasing number of mega-bank, neo-bank, and fintech competitors entering in the market. Competition was stiff enough when branch [...]
A credit union’s world is always changing. Not only is the economy a dynamic landscape, but technological advancements make the financial services industry ever-changing as well. It can be a challenge for credit unions [...]
Every year, International Credit Union Day comes and goes too quickly. At the World Council for Credit Unions & the Worldwide Foundation for Credit Unions, it’s a day to bring together our international credit [...]
Wakeup call auto lenders! Technology is moving faster than you can imagine and without thought leaders on your team, you’re likely headed in a direction taken by Blockbuster Video, Sears and Circuit City. The [...]
