BNPL: Savior or hoax?
Just six months ago, BNPL (Buy Now Pay Later) seemed to be on every lip in credit union c-suites as executives eyed the rosy reports of robust lending at fintechs such as Klarna and Affirm [...]
Just six months ago, BNPL (Buy Now Pay Later) seemed to be on every lip in credit union c-suites as executives eyed the rosy reports of robust lending at fintechs such as Klarna and Affirm [...]
CUNA requested NCUA update its Charitable Donation Accounts (CDA) rule definition of “qualified charity” to allow credit unions to do more to serve worthy organizations. The CDA rule allows federal credit unions to make investments [...]
On a seasonally-adjusted basis, overall consumer prices rose 1 percent in May, with the Bureau of Labor Statistics reporting that the overall consumer price index (CPI) grew by 8.5 percent over the 12-month period. [...]
Some say recession is coming. Others say it’s already here, while still others don’t believe the economy will suffer much in the near-term. No matter what the future brings, financial institutions need to [...]
It’s been over 50 years since federal regulators passed the Fair Housing Act to ban discriminatory lending practices. Despite this, Black and Latino families are routinely denied mortgage loans at rates white families enjoy [...]
As the population ages, more caregivers are stepping up to meet their growing needs. If you have an older family member, you might be the one who cares for them — or might soon be caring [...]
“Congress can’t get anything done” is the common refrain. To be precise, it should be “Congress can’t get anything done…except when they can.” As the calendar turns to summer, Capitol Hill is [...]
During the CU Pride Leadership Conference earlier this month, members of one of the panels talked about their experiences with “intersectional allyship.” Being an ally, in simple terms, means being someone who aligns with and [...]
A few weeks ago, the Consumer Financial Protection Bureau (CFPB or bureau) issued Consumer Financial Protection Circular 2022-03 to remind creditors of their obligations under the Equal Credit Opportunity Act (ECOA) and Regulation B regarding [...]
Thank you for tuning in to episode 34 of The CUInsight Network, with your host, Lauren Culp, Publisher & CEO of CUInsight.com. In The CUInsight Network, we take a deeper dive with the thought [...]
Leadership provided by outside community bank and credit union board members is critical in setting strategic direction and ensuring that established policies, compliance expectations, and state and federal laws and regulations are followed. In addition, [...]
C-Suite roles in financial services have expanded through the years. The term “Chief” before a functioning title was once limited to “Executive, Financial, and Lending.” Industry growth, diversification, and advancement have created C-Suite roles for [...]
The United States is facing a workforce shortage. While this comes as no surprise as it was predicted to happen with the Baby Boomer generation beginning a mass retirement exodus, the anticipated employment problem is [...]
Nearly two-thirds of all federally insured credit unions have less than $100 million in assets, and they face an array of challenges in a rapidly changing financial services market. Staff from NCUA will discuss strategies [...]
Total consumer credit rose 10.1 percent, at a seasonally adjusted, annualized rate, in April and is up 7.5 percent compared to a year ago. Revolving credit - primarily credit cards - rose 19.[...]