Partnerships are a funny thing. In life, you look for a partner to balance you out – someone who’s stronger where you’re weakest. It’s the same in business. We’re watching new partnerships being created all across the credit union space,...
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?
House Democrats Accuse Republicans of Harassing CFPB
Republicans on the House Financial Services Committee are harassing the CFPB in an effort to undermine the agency’s work, committee Democrats charge in a new staff report. "Republicans in Congress have been clamoring to weaken and ultimately destroy the consumer...
Despite Possible Fiduciary Delay, Important Compliance Requirements Remain
The Labor Department will more than likely propose fundamental changes to the fiduciary rule and its prohibited transaction exemptions, resulting in a delay of full implementation of the controversial regulation for at least one year, and perhaps longer, according to...
‘Stunning’ Increase in Data Breaches in 2017
The amount of information exposed due to data breaches has hit a terrifying new high-water mark, according to findings released this week from Richmond, Virginia-based cyberanalytics firm Risk Based Security. Between January 1 and June 30 of this year, there...
Is Millennial Household Formation on the Rise?
Since the end of the recession, millennials have been moving out of their parents’ basements and renting, but now they too want to buy, First American Financial Corp.’s chief economist Mark Fleming tells GlobeSt.com. In a recent report from...
Royal Credit Union Names New CEO
Brandon Riechers, 42, was named president/CEO of the $2.1 billion Royal Credit Union in Eau Claire, Wis., Board Chair Doug Olson said Tuesday. Riechers succeeds former President/CEO Rudy Pereira who resigned in April to become the new president/CEO of the $2.3...