Good news for financial institution heading into the new year. Anticipated loan demand is finally increasing, especially for home equities, according to Raddon’s 2017 national study. The research, “Lending Insights: Loan Demand Rebounds but Challenges...
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 Unions Spread Cheer, Annual Dividends
Six credit unions have announced $18.1 million in annual dividends, or an extra $19.34 for each of their 957,192 members. Last year, credit unions paid members $5.1 billion in total dividends on shares, and $628 million in interest on state credit union deposits....
CU & Banking Groups Renew Call for Federal Data Breach Legislation
Credit union and major banking trade groups are calling on the House Energy and Commerce Committee to help develop a national standard for data breaches that requires consumers to be notified immediately when a breach occurs. “Data breaches impose significant...
Double-Digit Demand Growth for Wearables to Continue Through 2021
The market for wearables is expected to post an 18.4% compound annual growth rate from 2017 to 2021, according to new data from market intelligence company International Data Corporation. Basic wristbands such as Fitbits have been leaders in this area for some time,...
FIs, Digital Transactions: Top Phishing Targets
Financial institutions and digital transaction brands continue as favorite targets of phishing campaigns according to a third-quarter phishing trend report from San Francisco-based digital threat management solutions provide RiskIQ. In a follow-up to its Q3 mobile...
CFPB Announces HMDA, Prepaid Card Changes; Quietly Shifts Mission Statement
As a federal court prepares to determine whether his appointment is legal, Acting CFPB Director Mick Mulvaney Thursday announced that the agency will not assess penalties for Mortgage Disclosure Act data collected in 2018 and reported in 2019 and will change its rule...

