Ginnie Mae has several misconceptions about the nature of credit unions as mortgage lenders, CUNA Senior Director of Advocacy and Counsel Elizabeth LaBerge wrote in American Banker Wednesday. LaBerge’s op-ed follows comments CUNA filed [...]
NAFCU Regulatory Affairs Counsel James Akin wrote to the Federal Reserve Tuesday in response to proposed modifications to Regulation II clarifying the requirement for debit card issuers to enable – and allow merchants to choose from – [...]
About 10 days ago, I dropped my oldest daughter Olivia off for three weeks of sleep-away camp. I’m sure this will be a wonderful experience for her, but the week leading up to camp, [...]
Recently on CUESNet, a CUES member asked: Is anyone currently offering citizenship loans to members who are in the process of becoming naturalized U.S. citizens and need financial assistance with the approximately $1,000 [...]
As the summer winds down and cooler temperatures prevail, get ready for a busy fall payments season. Personal consumption expenditures rose by 1% in June, as businesses reopened, and consumers activated their long-delayed travel, dining [...]
What’s the impact on digital fraud as countries ease COVID-19 lockdown restrictions? We recently analyzed billions of transactions in our flagship identity proofing, risk-based authentication and fraud analytics solution suite — TransUnion TruValidate™ — and found [...]
Machine learning is a subset of artificial intelligence that allows computers to “learn” from data without explicit programming from humans. In financial services, it can transform business processes related to customer service, personal finance, and [...]
The Federal Reserve System published the most recent edition of the Consumer Compliance Outlook at the end of July. The edition contained the usual content, which includes updates from regulators, a calendar of regulatory deadlines, [...]
When it comes to your money, it’s a good idea to recognize bad habits and kick them to the curb as soon as possible. Here are three less-than-stellar money habits that you need to [...]
In August 2020, Ted Lasso gave me some unexpected moments of joy. As the title character of the Apple TV comedy series, Jason Sudeikis plays Lasso, an American football coach who stumbles into work coaching [...]
The Internet of Things (IoT) industry is growing rapidly, but so is the rate of cybercrime. Cybersecurity Ventures “expects global cybercrime costs to grow by 15 percent per year over the next five years, reaching $[...]
The artificial intelligence (AI) market is growing rapidly at more than 42% annually, with recent MIT research indicating over 90% of larger enterprises are using AI to improve customer interactions. This growth and adoption will, [...]
CUNA wrote in strong support of an amendment to the Senate Budget Resolution that would block expanding taxpayer information reporting requirements for financial institutions. The amendment was offered by Sen. Mike Crapo (R-Idaho), in response [...]
Total consumer credit rose 10.6 percent, at a seasonally-adjusted, annualized rate, in June and is up 4.2 percent versus a year ago. Revolving credit, which is primarily credit cards, rose 22 percent during [...]
In the early 1980s, James Dyson was frustrated with vacuum cleaners. They were clunky, thoughtlessly designed, antagonistic to the user and often didn’t work properly. They made the hassle of wrestling a cleaning product [...]
