How credit unions can survive rising interest rates

The Federal Reserve raised interest rates three times in the last year or so. With a strong economy and continued low unemployment, expect rates to continue their upward trajectory. In response, banks and credit unions will need to change how they market their deposit products. In a low interest rate environment, it’s natural that deposit […]

CFPB issues request for information on rulemaking processes

The Consumer Financial Protection Bureau recently issued a Request for Information (RFI) about the Bureau’s rulemaking processes. The bureau is seeking comments and information from interested parties to help assess the overall efficiency and effectiveness of its rulemaking processes. This is the seventh in a series of RFIs announced as part of Acting Director Mick […]

Payday lending reform leg passed by AL Senate

Payday lending reform legislation was passed by the full Alabama Senate Thursday by a vote of 20 to 4. This legislation, by Sen. Arthur Orr (R-Decatur), represents meaningful payday lending reform by requiring payday lenders to offer a 30-day term on all payday loans. However, our work is not done. The bill now moves to […]

Synthetic identity fraud costs credit issuers

Synthetic identity fraud is costly to the credit union industry, which is susceptible to the trend to manufacture identities. These fraudulent accounts are set up by blending a person’s actual information, such as a real social security number, with fake details, including names and addresses. The use of these imaginary identities is causing more credit […]

CU Happenings – March 9, 2018

Suncoast CMO Barrown named Marketing Executive of the Year Patti Barrow, CMO of Suncoast Credit Union, was recently named CU Times’ 2018 Trailblazer Award winner for Marketing Executive of the Year. Since joining Suncoast, the marketing team has grown from four to nearly 20, and the team of four from 16 years ago is still […]

NCUA Board reschedules March meeting

The National Credit Union Administration Board has re-scheduled its March closed meeting, originally scheduled for March 15. The March closed meeting will be held Wednesday, March 14, beginning at 1:30 p.m. ET. The March open meeting will still be held Thursday, March 15, beginning at 10 a.m. ET. Meeting agendas are available on NCUA’s Board Meeting […]