The Federal Reserve Board announced Monday the final timeline and implementation details for the adoption of a new Fedwire Funds Service message format, ISO 20022. The final details are similar to the proposal issued last [...]
As the financial landscape continues to intensify with new and emerging players, consumers have gained a new sense of freedom and choice when it comes to how they bank. This has made it common for [...]
Advocating for Community First Federal Credit Union employees is at the heart of Dawn Bartell’s job. “I like to inspire people and want them to look for ways they can inspire someone else,” says [...]
In January, we published a “New Year’s Resolutions” series, on the rulemaking agendas of FinCEN, the CFPB, and NCUA. Earlier this week, the agencies published their Spring 2022 Rulemaking Agendas, which we can think [...]
This post summarizes information provided by FinCEN on June 15, 2022. To read its complete advisory, visit Elderly Financial Exploitation Advisory (fincen.gov). In support of World Elder Abuse Awareness Day, FinCEN issued an advisory [...]
The Atlantic hurricane season began June 1 and will run through November 30, 2022. Weather forecasters at the National Oceanic and Atmospheric Administration’s (NOAA’s) Climate Prediction Center expect 2022 to be the seventh [...]
Saying they were caught by surprise, credit union and other financial services trade groups are asking the Consumer Financial Protection Bureau (CFPB) to extend the period for public comment on credit card late fees. “Part [...]
What do my best practice credit union clients all have in common? By best practice, I mean my clients who are consistently hitting their growth goals and have exceptional cultures where people WANT to work, [...]
That was the topic of debate at the Southeast Regional CU School (SRCUS) last week. I am fortunate to teach all three years at the University of Georgia, but this is the first year my [...]
The economic picture in America is looking bleak and your members may be feeling the financial strain of living through an economic downturn. The $20 it took to fill up their cars at the gas [...]
Among credit unions looking to expand their positive impact on the community, diversity, equity and inclusion (DEI) practices are gaining traction. The practices make a lot of sense for financial cooperatives, given their collective people-helping-people [...]
What would you do if your CEO was hit by a bus today? Who would take over? Would service to members be disrupted? Does your credit union have a Plan B? Answer: Yes--if your credit [...]
Credit unions designated as Community Development Financial Institutions (CDFIs) have until August 23 to apply for grants under the CDFI Fund’s Equitable Recovery Program. The CDFI Fund is making $1.73 billion available to [...]
NAFCU Friday sent members a Regulatory Alert regarding the CFPB’s request for information (RFI) soliciting comment on how consumers can assert the right to obtain timely responses to requests for information about their accounts [...]
Hybrid work arrangements, the need for collaboration, and a member-centric focus are contributing to a renewed focus on emotional intelligence, says CU Solutions Group’s Dr. Brandi Stankovic. In this interview, Stankovic defines emotional intelligence, [...]
