The brutally honest feedback from a recently assembled focus group of small business owners revealed most of them won’t even consider aligning with a financial institution if there isn’t a robust suite of online banking and technology services.
A bill passed Oct. 5 by the House of Representatives that would grant back pay to furloughed federal employees in the government shutdown stalled in the Senate. As of Oct. 10, the Democratic-controlled Senate had yet to vote on the bill, which passed 407-0 in the Republican-controlled House.
The Consumer Financial Protection Bureau's online complaint database should be expanded to include all of the nation’s credit unions and banks, regardless of size, according to National Community Reinvestment Coalition analysis released Oct. 8.
In South Florida, 69% of all home sales this summer were cash, with a statewide rate of 66% according to data from RealtyTrac.
The $500 million Connexus Credit Union in Wausau, Wis., purchased Financial Institution Lending Options LLC, a company also based in the Badger State that provides credit unions with auto loans through pool sales, participation pools and whole loan flow sales.
Gary Perez is upbeat about the future of private student loans.
LAS VEGAS—Last year, 1,500 attended the first Money2020 innovation in payments conference. This year, 4,000 stuffed into the Aria Hotel’s meeting rooms Oct. 6-10.
LAS VEGAS—CU Wallet, the credit union-owned digital wallet solution, announced at the Money2020 conference it has contracted with Massachusetts-based mobile wallet developer Paydiant.
Compliance helps innovation rather than hinders it, according to Andrea Stritzke, vice president regulatory compliance at PolicyWorks.
If you’re a small dog and you want to play with the big dogs, you may need to find a larger buddy.
As the shutdown of the federal government entered its second week, private mortgage insurers alerted clients and potential clients they will insure mortgage loans if the Federal Housing Administration, operating with a skeleton crew, jeopardizes closing dates.
First the good news: The NCUA took some steps in the right direction this week when it announced reforms to its exam process. Chairman Debbie Matz’s letter to credit unions about the changes addressed complaints I’ve been hearing for quite a while.
A few years ago, I had the pleasure of being elected the president of the board of an arts organization in my home city of St. Louis. The group was mostly healthy but the economy was in the tank. We started soul searching. How were we different than any of...
Over the last two decades, Filene Research Institute has studied credit union mergers from a variety of angles.
It was a privilege to speak at the recent national conference of the Society of Corporate Secretaries and Governance Professionals, a non-profit organization of corporate secretaries and business executives involved in governance, ethics and compliance at public, private and not-for-profit organizations. The presentation “Pursuing and Recruiting Directors—How Best to Do...
On Oct. 17, four credit unions in and around Muncie, Ind., will be sending ”kindness crews” to perform random good deeds, buying coffee and bagging groceries for unsuspecting consumers.
Responding to calls for an improved exam process, NCUA Chairman Debbie Matz Tuesday released a letter to credit union that details the agency’s plans to separate Documents of Resolution from Examiner’s Findings and include documented support for DORs.
The SBA and the $620 million Alabama One Credit Union were among the victims of check kiting and other fraudulent activities allegedly committed by Danny Ray Butler, a businessman and real estate developer.
Fannie Mae and Freddie Mac have made significant progress toward creating a joint entity which may eventually function as a market for mortgage-backed securities.
Four executives from failed mortgage CUSO Central States Mortgage were indicted on fraud and other charges. David Jungen, his wife Elaine, Jerome Poelhnelt and David Chapman were named in a federal indictment, unsealed Oct. 4 in Eastern Wisconsin’s U.S. District Court.
New York’s ban on retailers charging a surcharge for credit card purchases was ruled unconstitutional Oct. 3 by a federal court judge.
Eighteen percent of the workforce could retire within the next five years.
The $190 million Cy-Fair Federal Credit Union located in Houston, Texas has hired Brett Wooden for the newly created position of senior vice president of marketing and innovation. Prior to joining Cy-Fair, Wooden held positions at Unitus Community Credit Union in Portland, Ore., where he developed a reputation for using...