When is being busy, too busy?
We’ve all said it time and time again, “I’m just super busy right now” or “I’m too busy to make time for that.” I know these lines about being busy probably slip [...]
News Archives
NCUA issues regulatory alert on QM rule delay
NCUA this week issued a Regulatory Alert (21-RA-06) to federally insured credit unions addressing the Consumer Financial Protection Bureau (CFPB) finalizing the delay of its Qualified Mortgage (QM) rule. The mandatory compliance date is now [...]
Berger calls for repeal of Durbin Amendment in Real Clear Politics op-ed
In a new Real Clear Politics op-ed, NAFCU President and CEO Dan Berger calls on policymakers to do what's best for consumers and repeal the Durbin Debit Interchange Amendment under the Dodd-Frank Act. The op-ed [...]
On Compliance: Be ready to update your loss mitigation procedures
The Consumer Financial Protection Bureau’s COVID-19-pandemic-related rules continue to evolve as America reopens for business. Notably for credit unions, the Federal Housing Finance Agency’s foreclosure moratorium on government-sponsored enterprise-related mortgages is scheduled to [...]
Meeting small business needs in the changing digital environment
As clients are becoming more and more technologically savvy, they expect to be able to leverage that technology in all aspects of their lives -- from ordering their coffee in advance on their phone to [...]
The resurgence of surge deposits
It seems like just yesterday (okay, it was a year ago) that I had just written a blog declaring the death of surge deposits—significant and abnormal deposit growth with uncertain long-term stability that financial [...]
3 Questions with Zogo’s Bolun Li
CUInsight Publisher & CEO Lauren Culp is joined by Bolun Li, Founder & CEO of Zogo for a quick interview with just 3 questions... Three questions: (0:47) How did you first come up with [...]
Compliance changes coming your way: What to expect and actions to take now
Our own Aux Senior Compliance Manager Kristen Tatlock, a well-known and much-loved national compliance trainer and speaker, was interviewed by Mike Lawson at CUBroadcast recently. They spoke at length about upcoming compliance changes due to [...]
Product refunds and rate caps – what you need to know
Loan growth, resource deficiencies, and increasing regulations are some of the pain points financial institutions are currently feeling. Additionally, state by state regulations on rate caps are causing lending confusion, subprime originations are down, and [...]
The PSCU Payments Index May 2021: The payments landscape looks toward a post-pandemic reality
The past month has been a time of continued growth and change in the payments landscape. The number of Americans who have received a COVID-19 vaccine continues to climb and the easing of restrictions on [...]
Thoughts on Memorial Day
Apart from Memorial Day being the start of summer, swimming pools opening, burgers and hot dogs on the grill, what does Memorial Day mean to you? The easy answer is to remember our nation’s [...]
Debunking myths: 4 indisputable credit union facts
I get it. Banks are annoyed that credit unions are exempt from federal taxes by virtue of their not-for-profit, member-owned, cooperative structure and mission granted by Congress in the Federal Credit Union Act. I have [...]
Want to stop ransomware cold?
The Hits Just Keep-On Coming. The NCUA recently issued a statement warning of increasing cyber security vulnerabilities for credit unions and other financial services market participants, regarding ransomware, malware, phishing attacks, and supply chain attacks. [...]
Participate smarter with better analytics
Lending institutions clearly need analytics of all sorts when evaluating their own loan book: static analyses of concentration and associated risk, backward-looking performance analytics, and forward-looking performance forecasts. Why then are similar analyses of participated [...]
AACUC highlighted among 20 Black-owned businesses in New York Times
The African-American Credit Union Coalition (AACUC) is featured in The New York TimesBlack Wall Street virtual storefront, which started Tuesday. AACUC was nominated by Kevin Paasch, president of MemberWealth Management and general agent for MassMutual [...]