Credit unions and their trade groups applauded the Financial Crimes Enforcement Network (FinCEN) for proposing a “no-action letter” process but warned that it would be unfair if the NCUA and other regulators were not parties [...]
When you close an account, it may not be removed from your credit report immediately. This is true whether the closed account is a credit card or an installment loan. Closed accounts stay on your [...]
Despite the headlines, consumers and businesses continue to spend, says Visa’s Chief Economist, Wayne Best. In a recent interview with the Wharton Business Daily podcast, Wayne Best, Visa’s Chief U.S. Economist, discussed [...]
Although the Americans with Disabilities Act (ADA) has been in place since the 1990s, it presents opportunities and challenges for credit unions. These challenges include how to comply with the laws while providing an exceptional [...]
Publisher’s Note: CUInsight is hosting a free webinar Wednesday, August 24th titled, “Leverage Credit Data to Create a Strong Digital Lending Strategy”. We hope you’ll join us! Register here. As with most things [...]
It was the Senate bill heard round the credit union movement. On Thursday, July 28, Sens. Roger Marshall (R-Kan.) and Dick Durbin (D-Ill.) introduced legislation that would create new mandates on credit card issuers, affecting [...]
CUNA strongly supports the Financial Crimes Enforcement Network’s (FinCEN) effort to establish a no-action letter process, it wrote to FinCEN Friday. No-action letters come from government agencies stating it will not take legal action [...]
NAFCU Senior Vice President of Government Affairs Greg Mesack Friday wrote to the Senate Banking, Housing, and Urban Affairs Committee to share the Association’s opposition and concerns regarding S.4698, the Improving Cybersecurity of [...]
During his first High Performing Boards Digital Series session in April, Seve Morrissette used setting football strategy as an analogy for setting strategy for a credit union. “If we do an assessment and realize the [...]
What does it mean to be a successful credit union? Having worked in the industry for close to fifteen years I’ve found that, while individual credit unions may measure and track several key performance [...]
When you find an “A” player, hire an “A” player. That’s the employee retention philosophy we use at On The Mark Strategies and it’s helped us grow our business significantly. But for many [...]
A new poll from the American Psychiatric Association’s (APA) Healthy Minds Monthly found that the ongoing COVID pandemic may not be the biggest worry Americans are facing in 2022. Anxiety stemming from inflation and [...]
Defending your business against highly motivated and well-equipped threat actors requires a proactive approach beyond standard security controls. While seemingly daunting, modern tools automate many security tasks and support your human security experts with cleverly [...]
The Consumer Financial Protection Bureau (CFPB) recently announced a consent order with U.S. Bank, a Minnesota based bank with $559 billion in assets. According to the CFPB, U.S. Bank “issued credit cards and [...]
Whether you’re more experienced with credit or looking to build your credit history, a credit card can be beneficial if used responsibly. Many credit cards have reward earning opportunities and more fraud protection than [...]
