Business lending is one of the fastest areas of growth for credit unions, but veterans of the sector say that the key to success is focusing on the broad needs of members, not just building a bigger loan portfolio. Much of the growth in business lending has occurred...
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?
Trump Administration Signals Opposition to CFPB in PHH Suit
The CFPB is likely to be on its own when it attempts to defend its current structure before a federal appeals court this Spring, according to recent developments in a lawsuit filed against the agency. The U.S. Court of Appeals for the District of Columbia has granted...
Smart Card Alliance Changes Name, Expands Security View
Princeton Junction, N.J.-based Smart Card Alliance announced it is changing to the Secure Technology Alliance and expanding its charter to include a broader range of security and privacy-enhancing technologies. “The Alliance’s focus has always been on...
People With Money Problems Less Likely to Reach Out for Help
When people are experiencing financial problems, they are less likely to reach out to financial professionals, according to a new survey by the National Foundation for Credit Counseling. Conducted by the Riverside, Calif.-based organization, the survey of 849 people...
Millennials: Financial Thinking
How do credit unions engage with millennials as potential members? That is the $64,000 question. As we know, our membership is the generation that precedes the millennials (age range 18 to 30), which has a different outlook. From the traditionalists born between 1900...
Doubling Down on Criticism of CFPB
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...