News Archives

U-turn: CFPB rescinds policy statement on abusiveness

U-turn: CFPB rescinds policy statement on abusiveness

On March 11, 2021 the Consumer Financial Protection Bureau (CFPB) announced it was rescinding a policy statement it had issued in January 2020. The rescission of this policy statement could have a significant impact on [...]

Compliance Corner: Litigation threats abound

Compliance Corner: Litigation threats abound

Creating a sound and compliant overdraft program has always been the goal. Since the 2005 Final InterAgency Guidance was published, regulatory examiners were typically the only people who reviewed these programs. Maybe the financial institution [...]

Hybrid workplaces are the future of work

Hybrid workplaces are the future of work

The year-long experiment in remote working is wrapping up as COVID-19 vaccines roll out, and the debate around where people work is heating up. On one extreme you have GitLab, a company that has been [...]

The difference between power, force

The difference between power, force

I recently wrote about how setting high expectations is good for your team – doing so essentially sets the stage for self-fulfilling prophecies. But while you can communicate what you want your employees to achieve – and [...]

NCUA Chairman Harper named FFIEC chairman

NCUA Chairman Harper named FFIEC chairman

NCUA Chairman Todd Harper has been named Chairman of the Federal Financial Institutions Examination Council (FFIEC). His two-year term runs from April 1, 2021, through March 31, 2023. The Council also named Blake Paulson, Acting [...]

Reps introduce NAFCU-supported bill to reform CU governance policies

Reps introduce NAFCU-supported bill to reform CU governance policies

House Financial Services Committee members Tom Emmer, R-Minn., and Ed Perlmutter, D-Colo., have introduced NAFCU-sought legislation that would improve existing language in the Federal Credit Union (FCU) Act related to expulsion in order to protect [...]

Mobile banking: What’s not to love?

Mobile banking: What’s not to love?

After years of being a relatively uninspired self-service add-on, mobile banking has become a primary means of engagement for credit unions. Moving beyond transactional convenience to a critical channel throughout the pandemic, it’s how [...]