Last fall the Justice Department (DOJ) promised it would “spare no resource” to ensure “vigorous” fair lending enforcement as part of its Combatting Redlining Initiative. Now a Delaware-based mortgage company has settled a joint DOJ [...]
I'd like to welcome you to the first of a series of conversations I will be having with real estate and real estate lending professionals regarding diversity, equity, and inclusion within our industries. I believe [...]
As the U.S. economy shrinks for a second straight quarter — one definition of a recession — many Americans aren’t prepared for an economic downturn. However, financial advisors say there’s plenty that is in [...]
The House Financial Services Committee on Thursday approved legislation that would limit the number of overdraft fees a credit union or bank may charge a consumer. Voting 27–22, the committee approved H.R. 4277, [...]
During its markup yesterday, the House Financial Services Committee passed by voice vote the NAFCU-backed H.R. 6889, the Credit Union Board Modernization Act, which would amend Federal Credit Union Act language that currently requires [...]
The House on Tuesday passed legislation that would require banking agencies, including the National Credit Union Administration, to investigate the challenges facing groups that want to start a credit union or bank. The House passed [...]
Welcome to the CUInsight Minute, sixty seconds from our Director of Learning & Client Support Linda Lafortune with our favorite reads from this week. Mentioned: Gain competitive advantage with the cloud by CHRIS SACHSE, THINK|[...]
The current economic conditions across the country have magnified the personal challenges and life stresses felt by credit union members. Interest rates are up; loan payments are up; fuel and food prices are up; unemployment [...]
On February 22, 2022, the National Credit Union Administration (NCUA) issued Letter to Credit Unions 22-CU-03 to advise federally insured credit unions about special purpose credit programs (SPCPs). SPCPs are credit assistance programs for economically [...]
Obtaining members is essential, retaining members is critical. Current research uncovered that “emotionally connected” customers (of banks) and members (of credit unions) provided six times the lifetime financial value over a “satisfied” customer or member. [...]
CUNA Senior Economist Dawit Kebede issued the following statement following the Federal Reserve meeting today: “The Federal Reserve Open Market Committee (FOMC) increased the federal funds rate by 75 basis points, in line with consensus [...]
Senators Dick Durbin, D-Ill., and Roger Marshall, R-Kansas, are expected to introduce legislation as soon as today in an effort to expand the “Durbin Amendment,” which was enacted in 2010 as part of the Dodd-Frank [...]
Does this story sound familiar? Your organization invested in a customer relationship management software and rolled it out to the entire organization. While marketing is leveraging it to manage campaigns, your member service reps and [...]
After two and a half years of navigating disruptions to the economy following the onset of the COVID-19 pandemic, experiencing historic highs and lows in the labor market, and dealing with a global supply chain [...]
Credit unions and banks would be prohibited from discriminating against people based on race, color, religion, national origin, sex, gender identity, or sexual orientation, under a bill introduced in the Senate by Banking Chairman Sherrod [...]
