Back in October, Brett Kavanaugh, a judge on the U.S. Court of Appeals for the D.C. Circuit, wrote a 101-page majority ruling assailing the “massive, unchecked” power of the single director-led Consumer Financial Protection Bureau. “Indeed, other...
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?
OCC Moving Ahead With Fintech Charters
Despite concerns raised by Democratic senators, the Office of the Comptroller of the Currency is moving ahead with plans to issue charters to qualified fintech companies. “We will be issuing charters to fintech companies engaged in the business of banking...
Are CU Members Willing to Pay for Digital Banking Services?
Digital banking offers huge potential to improve interactions and deepen relationships with small businesses. Yet financial institutions too often provide digital services for free to customers willing to pay for services. That is a conclusion reached consulting firm...
Could the TSP Solve the Retirement Crisis?
Americans aren’t saving—or saving enough—for retirement, and the country is heading for a crisis as boomers leave the workplace in ever-increasing numbers. But in a blog post at Seeking Alpha, Patrick Gunn has come up with an...
CUs Show Continued Growth in Shares & Deposits, Membership
Federally insured credit unions again reported increases in shares and deposits and membership during the fourth quarter of 2016, the NCUA reported Monday. At federally insured credit unions, shares and deposits increased by $76.6 billion, or 7.5% over the year, to...
Getting to the Core With Tight Integration, Real-Time Data
Legacy systems built around proprietary technology lack functionality credit unions need in today’s digital oriented, member-centric reality. Integrating innovate technology with the core optimizes interoperability, business, and member services across channels....