As the term of Comptroller of the Currency Thomas Curry expires and with no replacement in sight, the OCC could be headed toward a showdown with Congress over the agency’s decision to issue special charters to fintech companies. Curry announced in October that...
Credit Union Industry News & Updates
The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.
WHAT’S GOING ON AT CREDIT UNIONS?
Credit Union Innovation is Risky Business
Growing expectations and nontraditional competitors requires credit unions to think creatively. The Filene Research Institute tries to spur innovation to help credit unions generate loans, mobilize savings, and reinforce membership. Since 1989, Madison, Wis.-based...
The Rise of AI-Powered Anomaly Detection Solutions
If an anomaly occurs in a KPI but your analysis tools are unable to spot it, did it really happen? Today almost every business is a data-driven business. Whether it’s the monthly scrap rate at a factory or the conversion rate of website visitors to sales, each...
New Tool Evaluates Insurer Risk
How are climate-related risks and opportunities affecting your organization's businesses, strategy and financial planning? Increasingly, companies are asking themselves that question to prepare for an uncertain future. Indeed, the impact of climate risk is a...
June Jury Trial Set for Accused CU CEO Embezzler
A June jury trial is set for Nita Rae Nirschl a former president/CEO who was charged with embezzling more than $5 million from $13.3 million Parsons Pittsburg Credit Union that led to its insolvency. During an April 12 hearing in U.S. District Court in Wichita,...
CFPB Sets Fair Lending Priorities
The CFPB will focus its fair lending resources on small business lending, mortgage and student loan servicing and redlining, the agency has announced in its annual Fair Lending Report. “Going forward, we will continue to identify areas of new and emerging fair...