On April 23, 2024, the Department of Labor (DOL) issued the final version of a regulation that would change the definition of "fiduciary" under the Employee Retirement Income Security Act (ERISA). Specifically, it would amend [...]
It’s no secret that many Americans are struggling to repay their student debt. According to the U.S. Department of Education, in March 2023, about 44 million U.S. borrowers collectively owed more than $[...]
Depending on which experts you believe, the prevalence of racial and ethnic bias in the property appraisal business is either rampant or entirely overblown by politicians and the media. The issue is an important one, [...]
We build on foundations we did not lay. We warm ourselves by fires we did not light. We sit in the shade of trees we did not plant. We drink from wells we did not [...]
The timeline to replenish Social Security is being extended. The federal retirement program said Monday it may not need to cut benefits until 2035, one year later than previously forecast, because of stronger performance by [...]
I just about missed it, the news of a regional bank failure and subsequent takeover by another bank at the tail end of April. Yes, it really happened! (You can read a short timeline and [...]
Many Americans are house-rich, at least on paper. Thanks to skyrocketing housing prices, homeowners are now sitting on nearly $30 trillion in home equity, according to the St. Louis Federal Reserve — just shy of the [...]
America’s Credit Unions’ Luke Martone wrote to the NCUA Board Tuesday requesting the agency explicitly permit reimbursement of childcare costs incurred by a federal credit union board member. “Specifically, we ask the Board to [...]
In the rapidly evolving world of digital banking, the financial services industry stands at the cusp of a revolution, powered by Artificial Intelligence (AI) and Machine Learning (ML). Artificial intelligence stands out as a transformative [...]
A funny thing happens as you grow your career from the early stages and learn and flourish as a leader. The beginning stages often start with subject matter expertise. In my first few months as [...]
Let's face it, the image of a trusty piggy bank filled to the brim with coins feels a tad ... well, quaint. Don't get me wrong, there's a certain charm to that childhood symbol of saving, [...]
A new report from Elan Credit Card and PYMNTS Intelligence surveyed consumers to learn preferences on general-purpose versus co-branded and store credit cards, drivers that impact consumer choice, and trends by demographic. Results show that [...]
Change is not only inevitable, but it's also happening more rapidly than ever. A leadership approach that addresses the uncertainty and complexities of change is needed for credit unions to thrive within this fast-paced environment. [...]
Thirteen years after the rule was supposed to be finalized, on Monday federal banking regulators again proposed a rule governing incentive-based compensation practices at financial institutions. The proposed rule was issued by the Office of [...]
Today, THINK 24 kicks off in Nashville with nearly 800 credit union professionals in attendance. This event is the legacy conference from Co-op Solutions, which earlier this year combined with former competitor PSCU. However, the [...]
