Texas Judge Issues Injunction on CFPB’s Credit Card Late Fee Rule
In the ongoing case of financial institutions vs the CFPB, a Federal Judge in Texas has issued an injunction of the CFPB’s credit card late fee ruling, reports Emily Claus.
The BCI Celebrates Business Continuity and Resilience Awareness Week
May 13th – May 17th marks the start of the annual Business Continuity and Resilience Awareness Week, hosted by the Business Continuity Institute. Emily Claus dives into the importance of the event, resources provided, and how credit unions can use this opportunity to better prepare for the unexpected.
Making Data-Driven Recruitment Decisions
Recruitment can be challenging for any organization, but using data-driven strategies can help you find the perfect candidate without the hassle, saving both time and money, says Milinda Miller.
Why an Oath for Credit Union Directors and Officers is Desirable
Chip Filson takes a look at oaths of office, whether they’re required of credit union directors, and if they should be.
Appraisers Under Fire for Alleged Bias, Lenders On Notice
The issue of whether appraisers are guilty of racial and ethnic bias an important one, particularly since regulatory agencies have made it clear that lenders, including credit unions, are responsible for the accuracy of appraisals. David Baumann reports on the developments.
Strategies For Managing Your Inbox
Let’s be honest, most of us have inboxes overflowing with thousands of emails, some haphazardly marked with different levels of importance. This method leads to lost emails and things falling through the cracks. Kasey Olchowski offers some tips and tricks on managing your inbox instead of letting it manage you.
Financial Wellness: The Heart of the Credit Union
In today’s economic climate, where 42% of Americans are living on survival budgets, credit unions have never been more critical to helping consumers achieve financial freedom. CUSO Magazine’s Emily Claus sat down with financial wellness champion Jamie Strayer to learn about how she’s transforming financial wellness across the country and how credit unions can work to put financial wellness at the heart of the credit union.
Overcoming the Myths of Full-Service Card Processing
Third party vendors are all too eager to convince credit unions they’re not equipped to handle card processing on their own, but one credit union CEO, Jim Ryan, proved them all wrong and show your credit union how you can too.
The Importance of Educating Members on Fraud Alert Procedures
Scams are on the rise, and one of the easiest tricks to get your members’ information is for them to impersonate the credit union. Kaylee Russell explains why educating your members on fraud alert procedures is the best defense for both the credit union and its members.
CFPB and Credit Unions Clash on Fee Income Reporting and Protections
In recent news on the never-ending clash between credit unions and the Consumer Financial Protection Bureau regarding fee income, credit unions are speaking out against new requirements making fee income public information, reports Emily Claus.
