You could say uncertainty is the only certainty in the financial services industry. In addition to the challenges of a global pandemic, credit unions are navigating constant change – whether a rapidly evolving regulatory environment, a [...]
In late May, the National Credit Union Administration board approved a final ruling on derivatives use that aims to offer some federal credit unions more flexibility to manage interest rate risk. Credit unions that are [...]
I talk to credit union CEOs almost every day. As we approach the other side of this pandemic many have accelerated their move to digital, understanding that their members’ priorities and service expectations have shifted, [...]
Recently we blogged about various compliance considerations for credit unions dealing with ransomware. That blog published mere days after a major oil pipeline serving the Eastern United States was crippled by a ransomware attack, causing [...]
Remember the good old days of the 1990s? Back in the day, you could drive your Saab 900 to Bed Bath and Beyond to get some towel racks on your way to the AMC movie [...]
As we slowly emerge from the global pandemic, credit unions (and all lenders) are evaluating their strategy, performance and member service models over the past 15 months. Many credit unions found efficiency in a more [...]
Summertime is here. For some kids, it’s time to dust off their lemonade stand. For others, it’s a chance to make some extra cash with a summer job. It’s also an opportunity [...]
On May 19, after the House Financial Services Committee Chairwoman Maxine Waters prepared a draft bill for introduction a few days earlier, NCUA Chairman Harper testified at the House Financial Services Committee requesting unlimited vendor [...]
This is one of those articles that make little sense if you don’t consider the publication date. 2019? “Huh, I mean, obviously.” 2025? “Oh, they’re talking about those dark times. Things are so [...]
The Consumer Financial Protection Bureau (CFPB) recently issued sets of frequently asked questions on Electronic Fund Transfer Act and Regulation E requirements, as well as servicing escrow accounts under Regulation X. The Regulation E FAQs [...]
NAFCU’s Brad Thaler Monday wrote to House Speaker Nancy Pelosi, D-Calif., and House Minority Leader Kevin McCarthy, R-Calif., along with all House members, to call for support of a resolution to overturn the Office [...]
In April, Earth Day turned 51—a bleak and sombre milestone, more than a celebratory one. The decade 2011-2020 was the warmest on record. Global temperatures have risen 1.2 C, due to carbon dioxide [...]
The impact of the pandemic on the banking industry was immediate. The shift to digital transactions not only changed the industry, but every industry globally, as consumers accepted the need to make purchases and payments [...]
Numbers don’t lie, and that’s the truth. According to Gaurav Bhatia, CMO at PenFed CU, knowing your numbers is the key to working smarter, not harder when it comes to your financial institution’[...]
Now that U.S. consumers are coming out of their COVID-19 cocoons and the new term “revenge spending” is in motion, financial institutions may be wondering what categories they should focus on when it comes [...]
