The first professional presentation I ever gave was as the assistant director of human resources. My vice president asked me to prepare a presentation for the board of directors. I had very little experience presenting—[...]
On May 6, 2022, the Consumer Financial Protection Bureau (CFPB) issued its annual Fair Lending Report to Congress, which outlines the work the bureau undertook around fair lending in 2021. The 43-page report covers myriad [...]
The Financial Crimes Enforcement Network (FinCEN) is soliciting comment on whether it should develop a process for issuing no-action letters when they are requested by financial institutions. “A no-action letter is generally understood to be [...]
The Atlantic hurricane season begins 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 [...]
Member loyalty isn’t what it used to be. Once upon a time, loyalty was the product of proximity, or due to a family or friend recommendation. But loyalty has changed. It’s gone from [...]
We’re talking new fraud trends with the Co-Founder and CEO of Sentilink, Naftali Harris. He shares insights about the latest attacks on credit unions, what new tactics are criminals using, and how we can [...]
In NCUA’s 2022 Supervisory Priorities letter, NCUA Chairman Harper indicated that examiners will be focusing on reviewing policies covering loan workout strategies, risk-management practices, BSA and AML/CFT, ALLL, fair lending, and overdraft, among [...]
The times, they are a- changin’… From the COVID-19 pandemic, to Russia-Ukraine turmoil and everything in between it seems as if we are constantly speculating on what will be the catalyst that pushes us into [...]
Whether we’re talking about a workplace or a person, being creative elevates the impact we have in the world. Creativity, what some might call the intersection of imagination and intellect, propels innovation and society [...]
It happens to all of us … a valuable employee turns in their two-week notice. After the sinking feeling in your stomach passes, you know right away that two weeks is not enough time to replace [...]
Illinois Credit Union League (ICUL) President/CEO Tom Kane recently appeared on CU Broadcast to preview the second annual #ILoveMyCreditUnion social media blitz campaign, scheduled for July 29. “This all started a couple years ago [...]
The Federal Housing Finance Administration (FHFA) last week published a final rule that requires the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, to submit annual capital plans to the agency for approval. “The final [...]
Many would agree that the world turned upside down in 2020, so last year, Affinity Federal Credit Union started brainstorming how to move forward at a time when most of us were still getting re-oriented. [...]
Upstart has learned many lessons from its journey applying machine learning (ML) techniques to the lending process. Here are the major takeaways from Upstart’s ML journey, including how the company overcame initial challenges, evolved [...]
It can be disheartening to see your credit score drop after a financial setback. Whether you missed mortgage payments, made the hard choice to file for bankruptcy or faced something else entirely, these kinds of [...]
