The NCUA in May issued two prohibition notices and one prohibition order, prohibiting an individual previously associated with credit unions from any future participation in the affairs of a federally-insured financial institution. Violation of a [...]
Experts are divided over when workers will (or should) get back into the office after COVID-19. Google, for example, is planning to reopen some office starting in early July for a small number of employees [...]
The economic effects of the COVID-19 pandemic are not yet reflected in consumer credit scores, according to Craig Wilson, senior director of consulting decision analytics at Experian. However, he describes this nondevelopment as “the calm [...]
When COVID-19 shut down commerce across the United States, local businesses in and around Millbury, MA, were counting on Millbury Federal Credit Union ($372.4M, Millbury, MA) to help them apply for forgivable loans through [...]
Among everything we collectively find abhorrent about George Floyd’s death and the injustices that so many fight against, we must also consider what we stand for. Economic inequality drives a deep and real wedge [...]
CUInsight Publisher & CEO Lauren Culp is joined by Robbie Young, Associate Publisher of CUInsight for a quick interview with just 3 questions about the COVID 19 crisis... (0:50) What is your company doing [...]
With new unemployment claims reaching an estimated 40 million through the first 10 weeks of the COVID-19 crisis, a sophisticated criminal ring has targeted overwhelmed state unemployment programs with a new financial scam. According to [...]
In a 1948 speech to the House of Commons, Winston Churchill said, “Those who fail to learn from history are condemned to repeat it.” This quote is particularly accurate for those tasked with implementing cybersecurity [...]
Expressing gratitude is a key differentiator between those who are succeeding right now and those who are not. More and more states are relaxing lock-down protocols. The “curve” appears to have flattened and the economy [...]
The recent protests taking place around the country over the death of George Floyd is an opportunity to learn important lessons. We should ask ourselves what should be learned from the social turbulence. I have [...]
As I sit on my porch enjoying some sunshine this afternoon, I would normally say “what a wonderful day, and all is well in the world.” But when I face the reality of the impacts [...]
Perhaps the most apparent impact of the COVID-19 pandemic in financial services is its amplification of the digital channel. Credit unions have been planning and budgeting for their “digital transformation” for years, but there is [...]
You’ve been working from home for nine weeks now. As your cubicle, I can attest that it’s not the same here on the 2ndfloor without you. And frankly, it won’t be the [...]
The Consumer Financial Protection Bureau’s (CFPB) Taskforce on Federal Consumer Financial Law should look closely at how the CFPB’s rules have impacted credit unions, CUNA wrote to the CFPB Monday. The CFPB is [...]
As bankers continue to push attacks on the NCUA in an effort to stifle competition, NAFCU remains steadfast in its support of NCUA efforts to ensure military members are properly accounted for when determining a [...]
