The compliance team occasionally receives questions about when a credit union can obtain a consumer report from a credit reporting agency under the Fair Credit Reporting Act (FCRA). Section 604 of the FCRA explains when [...]
In news that probably comes as no surprise to anyone, there appears to be a national shortage of Purell®. The Philadelphia Inquirer recently reported that the popular hand sanitizer has been flying off the shelves [...]
In the past ten years, the country has made great strides towards economic recovery, and many millennials who entered the job and housing markets during the downturn have had a chance to pay down their [...]
Leadership is all about steering your team and organization in the right direction. You set the vision, culture, and expectations for your employees to thrive in their roles. But how often do you ask your [...]
Welcome to the CUInsight Minute, sixty seconds from our Publisher & CEO Lauren Culp with the top three of our favorite things from the week. Mentioned this week: *It's been a week, so when you [...]
Basics of the market Created in 1792 on Wall Street, the first major U.S. stock exchange was the New York Stock & Exchange Board (now known as the New York Stock Exchange). A stock [...]
Today’s business leaders are well aware of how consumer preferences and our on-demand economy has shifted the business model of many organizations. Credit unions are certainly no different. As membership demographics shift and borrowers [...]
Crisis is never an easy thing to manage, and knowing how to address concerns as a business is a real skill. This cold and flu season has brought with it a virus that is proving [...]
ESG – Environmental, Social, and Governance: These are the three central pillars utilized by investors on measuring the social and sustainability (non-financial) factors of entities in which they invest. Investors who focus on ESG incorporate these [...]
The Consumer Financial Protection Bureau (CFPB) should quickly finalize its proposal amending the Remittance Rule and to exercise its authority to permit compliance flexibility for remittances sent to individuals in countries affected by the growing [...]
On a seasonally-adjusted basis, overall consumer prices increased 0.1 percent in February, matching January's growth. The Bureau of Labor Statistics reported that the overall consumer price index (CPI) grew 2.3 percent over the [...]
Following the financial crisis, the importance of having a prudent asset/liability management committee in place became abundantly clear. The Fed’s recent emergency rate cut in response to the coronavirus’s risk to the [...]
While reports this year have indicated digital wallets are finally gaining some real traction with consumers, a new study suggests those gains may be short lived if certain obstacles can’t be overcome. To continue [...]
In the past 10 years, TwinStar Credit Union($1.5B, Olympia, WA) has more than doubled in asset size. It also has added 55,000 members and crossed the state line into Oregon. But as [...]
COVID-19! Coronavirus! Pandemic! Bear market! Breathe. In a well-ventilated and cleaned area. Away from everyone else. Now wash your hands. Whew. You’re exhausted from it all. I get it. We all get it. And [...]
