NCUA officials are refusing to discuss reports that they are preparing to auction off as many as 3,500 taxi medallions that were used as collateral for loans. Crain’s New York Business, citing anonymous [...]
While a recent study shows that for the first time American consumers have rated service provided by credit unions below that provided by banks, one analyst believes it’s not yet a tipping point–but [...]
Geaux Tigers? Or go Tigers? Such is the question facing discerning college football fans Monday, Jan. 13, 2020, when the Louisiana State University Tigers — led by Heisman Trophy-winning quarterback Joe Burrow — play the Clemson University [...]
While credit union leaders are ever vigilant of the latest in fraud activity to keep their institutions safe, synthetic identity fraud is an area that’s tricky for many to detect. It helps fraudsters navigate [...]
As part of a recent week-long trip to Shenzhen, China, I visited some of the most technologically advanced organizations in the world. Starting with a rare two-day private tour of Huawei Technologies, I was then [...]
Welcome to episode 55 of The CUInsight Experience podcast with your host Randy Smith, co-founder of CUInsight.com. This episode is brought to you by our friends at CO-OP Financial Services. CO-OP is your trusted [...]
Happy New Year CUInsight Readers! Before we talk about military transitions, we would like to extend a hearty thanks to all credit unions and credit union partners for serving our military and veteran communities! We [...]
... and of course, those who continue to struggle or tread water will not. #3 Engage fully in the process of transformation. The CU industry is moving at an incredible pace. There have been probably been [...]
As consumers, we like things to be easy. And once we’ve made up our minds, we want to take action immediately. It’s no wonder we seek out companies that are easy to work [...]
In the wake of the recent earthquakes in Puerto Rico, NCUA will be ready to assist the seven federally insured credit unions there with maintaining or restoring operations, if necessary. “We are closely monitoring the [...]
A new, streamlined Supervisory Committee Audit Guide has been released by the NCUA. The guide compliments Appendix A to Part 715 which replaced the previously decommissioned Supervisory Committee Guide. NAFCU supported a simplified guide when [...]
CUNA's 2020 advocacy agenda will tell legislators how credit unions improve financial wellness by supporting financial health, promoting financial security, and enhancing financial inclusion, says Ryan Donovan, CUNA’s chief advocacy officer. “The CUNA/league [...]
The four people appointed Thursday to the CFPB’s Task Force on Federal Consumer Protection Law have one thing in common: They don’t like the agency’s work or organization. In announcing the appointment [...]
Are credit unions the frog in a slowly boiling pot of water when it comes to their attention to service? One analyst believes that may just be the case following a recent study that shows [...]
I’m asking this question to highlight an enforcement action announced by the CFPB yesterday against several companies which, if the allegations are true, blatantly violated several sections of the Fair Credit Reporting Act (FCRA) [...]
