Without a doubt, we are seeing a deceleration in the U.S. economy as the economic recovery from COVID-19 is all but complete. The unemployment rate is basically at its pre-pandemic level at 3.6% [...]
The ongoing pandemic has changed Americans’ views on work, finances and quality of life. Many Americans now put mental health and time with friends ahead of things like income and retirement account balances. Whether these [...]
The lack of third-party vendor supervisory powers poses numerous systemic risks, Kelly Lay, director of the National Credit Union Administration (NCUA)’s Office of Examination and Insurance, told a House task force Friday. “The NCUA [...]
There are two lending spaces that tend to be underappreciated by many financial institutions: unsecured consumer lending and auto refinancing. Jay Fee, Vice President of Consumer Banking at PenFed Credit Union, has considerable experience with [...]
Thank you for tuning in to episode 32 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 [...]
Because of its egregiously negative impacts on American consumers, the “Durbin Amendment” is one of the biggest legislative failures in recent memory. Part of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank [...]
“Cryptocurrency,” the comedian John Oliver quipped in 2018, “is everything you don’t understand about money, combined with everything you don’t understand about computers.” While the general understanding of crypto, and its acceptance among [...]
The House Financial Services Committee will mark up CUNA and League-supported legislation starting Tuesday, May 17. The bill, the Expanding Financial Access to Underserved Communities Act (H.R. 7003), was introduced in March by Chairwoman [...]
The Senate yesterday voted 80-19 to confirm Jerome Powell’s nomination to serve a second term as Federal Reserve Board Chair; he will serve a four-year term. The Senate Banking Committee in March approved Powell’[...]
Consumers and businesses increasingly expect payments to move quickly and securely, anywhere in the world. As the speed of payments increases and settlement happens in real time, fraud and risk management practices must be adapted [...]
The 2022 Co-op THINK Conference featured sessions on consumer preferences and behavior, cryptocurrency, payments, financial well-being, and more. In this episode of the CUNA News Podcast, we share conversations Senior Editor Ron Jooss had with [...]
As the CEO & Co-Founder of Sandbox Banking, a company that connects financial institutions with fintechs, Ravi Balasubramanian has an excellent vantage point for all the innovation happening in the banking industry. In this episode, [...]
It wasn’t so long ago that artificial intelligence (AI) in banking seemed futuristic. Now, AI in the banking industry is officially mainstream as use cases mature from nice-to-have, cutting-edge options into day-to-day capabilities that [...]
As we elevate Mental Health Awareness during the month of May, we start to think more consciously about how we are treating our mind, body, and spirit. As leaders, it’s our duty to focus [...]
A lot of the focus around the Great Resignation has been on employees and how their attitudes towards work have changed during the COVID-19 pandemic. That’s understandable, since they’re the ones resigning. However, [...]
