An FAQ on OFAC basics
The mere mention of the Office of Foreign Assets Control (OFAC) can strike fear into the hearts of some credit union compliance professionals. Violations of OFAC sanctions are a strict liability offense – meaning that a [...]
News Archives
Podcast: Overdraft Protection Act & addressing fees
In this episode JMFA’s EVP of Compliance Review, Cheryl Lawson, shares insight on recent topics making news headlines. She addresses a few continuous elements proposed by lawmakers to impose changes to regulations on overdraft [...]
The CUInsight Network podcast: Digital transformation – Nymbus CUSO (#15)
Thank you for tuning in to episode 15 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 [...]
Grow CU revenue with compliant digital payments for cannabis transactions
As Jon Baugher, co-founder and Chief Revenue Officer at payments infrastructure provider POSaBIT puts it, "nobody likes to handle large volumes of cash. It's not safe, it's not hygienic, and it's not transparent." To address [...]
The card-not-present-chronicles: Assessing the health of your debit authorization and fraud program
In our previous article in this series, we discussed the top five areas that credit unions should consider to drive a positive card-not-present / e-commerce experience for members. This article will take a deeper dive into [...]
Avoiding extinction: Leverage the brain power of assessments
Final Jeopardy music swelled as the vehicles swiveled. On the screen at the front of the oversized room, the words, "This is the one source of energy that will never run out," appeared. We were [...]
CFPB announces new tech specifications for reporting credit card agreements
The Consumer Financial Protection Bureau (CFPB) announced Friday that the agency is issuing new technical specifications for complying with credit card agreement and data submission requirements under the Truth in Lending Act (TILA) and the [...]
CUs: Represent your members by telling their stories on Capitol Hill
Looking for an opportunity to share your credit union's story in real time so lawmakers understand how burdensome regulations and other issues impact growth and day-to-day operations? Through NAFCU's revamped hybrid Congressional Caucus, offered both [...]
8 ways to insulate yourself from inflation
The first half of the year is behind us, with the market performance strong across the board. But what about the rest of the year? With inflation on the minds of many investors, how do [...]
How to avoid this common cryptocurrency investing mistake
There’s something more satisfying about having a single dollar in your pocket than a dollar’s worth of loose change. Experts say the same intuition applies to cryptocurrency — and it could be getting some [...]
Authentication and access guidance for the 21st century
Last week, the FFIEC published guidance titled Authentication and Access to Financial Institution Services and Systems (the guidance). This guidance replaces previously issued statements (think back to pre-Twitter times) regarding best practices for authenticating users [...]
How financial institutions can improve banking for Hispanic millennials
Millennials should be the focal point of any financial institution’s marketing strategy in today’s world. They’re the consumers at the brink of starting families (if they haven’t already), buying a home [...]
Achieving the resilience advantage
Leaders need a strong mind to overcome the challenges that we face during our lives and to enable resilience. As we continue to deal with the pandemic, focusing on resilience is timely. A recent study [...]
CUInsight Minute with John Pettit – August 20, 2021
Welcome to the CUInsight Minute, sixty seconds from our Managing Editor John Pettit with our favorite reads from the week. Mentioned: 5 things we hope credit unions keep doing in the new normal by CAMERON [...]
4 ways to help your net worth
Is your net worth where you want it to be? Is it straight up depressing? Younger millennials and those right out of school probably don’t have much to look at, but for the older [...]