With delinquencies expected to increase as government stimulus funds dry up, financial intuitions’ net interest margins will likely continue to be squeezed. As new car sales improve, 2022 should be a solid year for collateral [...]
I’m not going to talk about COVID in this article. I’m tired, real tired, with the phrase “these turbulent times” that seems to find itself in the first sentence of damn near every [...]
At this moment, the most important soft skill for credit union leaders is empathy. According to Oracle, Workplace Intelligence, 70% of the global workforce says the past year has been the most stressful year of [...]
The Military Lending Act (MLA)’s car loan exception to the definition of consumer credit applies to a loan offered “for the express purpose of financing…[a] car or personal property.” The Department of Justice, [...]
Thank you for tuning in to episode 128 of The CUInsight Experience podcast with your host, Randy Smith, co-founder of CUInsight.com. This episode is brought to you by Humanidei. Humanidei helps credit unions build [...]
Consumers around the globe have seen the value of being able to pay anyone from anywhere firsthand as a result of the pandemic. Now, their interest in similarly convenient payment methods has been piqued. When [...]
A Broken Credit System Artificial intelligence (AI) and machine learning (ML) present a unique opportunity for credit unions to contribute to a fairer, more inclusive financial system. Unfortunately, the traditional credit model perpetuates bias and [...]
Original Albert Nürnberger violin bows are highly-prized German masterpieces. Each bow was crafted from Pernambuco heartwood, and stories have long circulated that Nürnberger obtained that wood from barrels being floated down a nearby [...]
When Abound Credit Union first opened its doors in 1950 in Radcliff, Kentucky, its member base could fit in the confines of a small conference room. Back then, the credit union’s main goal was [...]
Credit union loans outstanding increased 1.0% in December, compared to a 0.6% increase in November of 2021 and a 0.2% increase in December of 2020, according to CUNA’s latest Monthly Credit [...]
The NCUA Board next week is set to issue an interim final rule (IFR) on prompt corrective action (PCA), as well as propose a rule regarding asset threshold for determining the appropriate supervisory office. Also [...]
As a member of the Black community, I have observed our constant challenge with varying aspects of widespread and individualized tragic events. These traumatic impacts are made worse by the relentless news stories, media exposure [...]
Advocacy is the heart of a successful trade association. Conferences, social media, and community outreach are also important. However, without advocacy, membership simply resembles another social club. And just as exercise, diet, and sleep are [...]
Last month, we blogged about emails and bona fide errors under Regulation F. Regulation F provides similar treatment for text messages and bona fide errors. Under section 813(c) of the Fair Debt Collection Practices [...]
Innovation, employee experience and evolving consumer preferences are changing the financial services landscape. This includes the way financial products and services are delivered. Many banks and credit unions are exploring ways in which third-party relationships [...]
