In response to increasing risks, insurers now offer cyber liability insurance. The product is particularly attractive to financial institutions and health care providers.
Forget the debate over whether or not a credit union should keep offering free checking accounts, there are signs credit unions may eventually have to decide whether or not to charge their members fees for holding deposits.
Dan Geller at Market Rates Insight predicts retail banks will start charging interest on deposits.
The financial services industry and particularly credit unions are at a crossroads right now. Many toss the term crossroads around every time a tweak occurs, but current circumstances are exactly what the word was created for.
Credit unions should leave no sacred cows in the field, and one of these that needs to be set free is the credit union tax exemption.