Civil War-era law dooms OCC’s fintech charter
The Office of the Comptroller of the Currency’s effort to create a federal fintech charter is in trouble because of a provision of the National Bank Act adopted by Congress in 1864, but not [...]
The Office of the Comptroller of the Currency’s effort to create a federal fintech charter is in trouble because of a provision of the National Bank Act adopted by Congress in 1864, but not [...]
The best way to understand a process isn’t by going to the experts who designed it. Rather, it’s by asking the people who use it. PenFed Credit Union in Tysons, Va., recently completed [...]
The Consumer Financial Protection Bureau is asking at least three federal courts to affirm decisions the agency has made, even though the U.S. Supreme Court ruled earlier this summer that the structure of the [...]
The 36th annual Children’s Miracle Network Telethon raised a record-breaking $360,031.26 to benefit equipment, programs, and research at Penn State Children’s Hospital. The event, which was rescheduled from June due to [...]
Any business that maintains and uses data should technically have a means of backing up and recovering that data in the event of a disaster. For financial institutions like banks and credit unions, creating a [...]
For decades, leaders have adjusted business models as technology has improved our lives and disrupted the status quo. In this leadership blog, I constantly encourage innovation and risk taking to continue growing businesses. While this [...]
Welcome to the CUInsight Minute, sixty seconds from our Publisher & CEO Lauren Culp with our favorite reads from the week. Mentioned: *For your weekend: Do this, not that: 5 ideas for celebrating Labor Day [...]
Success doesn’t look the same through everyone’s eyes. For some, success looks like a money bin full of gold coins that you can swim in. Okay maybe that’s just Scrooge McDuck. But [...]
While many credit union leaders have tried to build organizational profit models, few have succeeded in building a sightline on the real profitability of their member relationships. Some have generalized, peer-level profitability, or average household [...]
“We are not reverting to our packed agenda of old. Our spell as a ‘Virtual Board’ helped us enhance oversight, reduce our schedules, streamline presentations, hold healthier discussions, and make improved decisions. Going back to [...]
Working from home can have its perks—no commute, more family time, and less distractions. But it can also be challenging to lead a team that you don’t see in the office every day. [...]
Federal Housing Finance Agency (FHFA) Director Mark Calabria responded to letters from CUNA and all 35 state Leagues expressing concerns over the proposed GSE refinance fee. CUNA wrote to the agency August 14 and followed [...]
Following Tuesday's hearing with Treasury Secretary Steven Mnuchin, the House Select Subcommittee on the Coronavirus Pandemic released a preliminary analysis of the paycheck protection program (PPP), which found that "billions of dollars in PPP loans [...]
Every mortgage boom that has hit seems to have come out of nowhere. Loan officers and the origination team quickly become overwhelmed with overflowing pipelines, so keeping them highly engaged and encouraged only lasts so [...]
No one could have foreseen the unprecedented challenges that businesses and individuals have had to face this year. A global pandemic, nationwide shelter-in-place orders, school closures, mass event cancellations, and an uncertain economic future hit [...]