News Archives

Decentralized collections

Decentralized collections

If collections are moving to automated, multi-channel messaging directed by a small team of specialists, $41 billion State Employees’ Credit Union, Raleigh, North Carolina, is a bit of an outlier. It’s running a decentralized, [...]

Plouffe: ‘Unsettled and fluid’ primary in store

Plouffe: ‘Unsettled and fluid’ primary in store

With the 2020 presidential primary season about to begin, much remains to be decided about what the ballot will look like in November. David Plouffe, president, policy and advocacy at the Chan Zuckerberg Initiative, will [...]

2020’s Top 5 banking compliance priorities

2020’s Top 5 banking compliance priorities

Even though the heyday of the Dodd-Frank Act (DFA) is well behind us, and the Trump administration continues to espouse a deregulatory philosophy, financial institutions mustn’t stop prioritizing regulatory compliance. In fact, along with [...]

CFPB updates HMDA Small Entity Compliance Guide

CFPB updates HMDA Small Entity Compliance Guide

Happy Hump Day and Happy Puzzle Day! Let’s celebrate by piecing together the partial exemptions of HMDA, using some updated guidance to help. Last week, the CFPB released an updated version of its Home [...]

A lesson from the lemmings*

A lesson from the lemmings*

When I was little and asked to do something my friends were doing, my mother often responded, “if all you friends were jumping off a bridge, would you?” Even a casual study of human behavior [...]

Survey shows success of Open Your Eyes to a Credit Union®

Survey shows success of Open Your Eyes to a Credit Union®

Minnesota credit unions released Tuesday the results of a survey of over 750 Minnesotans following year one of the Open Your Eyes to a Credit Union® campaign. The 2019 plan “moved the needle” with nearly [...]

No rate change expected as FOMC begins 1st 2020 policy meeting

No rate change expected as FOMC begins 1st 2020 policy meeting

The Federal Open Market Committee (FOMC) begins its first two-day, monetary policy-setting meeting of the year today, which is not expected to end with a rate change. The committee last lowered the federal funds target [...]

CU key to medical pot biz growth in West Virginia

CU key to medical pot biz growth in West Virginia

Element FCU expects to become the first credit union in this state to serve the medical marijuana business. And, it expects to be the key to the growth of medical marijuana businesses here. Element FCU [...]

2020 Marketing: 10 things you need to examine

2020 Marketing: 10 things you need to examine

January is almost over which means by now you’ve read countless articles on 2020 goals and trends. All of those are important. We’ve even written two ourselves (How To NOT Get Overwhelmed in [...]