Credit Union Trade Groups Endorse Proposed CUSO Rule While Consumer Groups Argue Would Authorize Predatory Lending
Two stories from David Baumann of the Washington CU Daily: Saying that the NCUA’s current rule governing Credit Union Service Organizations is sorely outdated and hampers innovation, CUNA and NAFCU are calling on the agency board to finalize an updated regulation. The National Credit Union Administration’s proposed Credit Union Service Organization rule would allow CUSOs to become predatory payday lenders that could make loans that far exceed the interest rate in the Federal Credit Union Act, consumer groups are warning.
Continuity at the Core: Testing and Exercising Your Response
In the sixth installment of his business continuity and disaster recovery series, Jim Lawrence discusses testing and exercising your response plan and why it’s so essential.
What the Heck is Optics Data?
Keegan Daniel dives into the topic of optics data to explain how credit unions can use it to help their members and improve services.
No Limiting Principle
NCUA’s update to corporate rule 704 is not without many issues claims Chip Filson. All the little missteps that go into new policy set precedent for the “how we’ve always done it” mantra that damages from within.
House Financial Services Dems Push for $8.5 Million Boost for Credit Union Community Development Fund
David Baumann of the Washington CU Daily reports that the Democrats on the House Financial Services Committee out-voted the Republicans to pass the Views and Estimates Report, which contained requests to congressional budget writers for an $8.5 million increase for the National Credit Union Administration’s Community Development Revolving Loan Fund in FY22. It also contained strong support for the Consumer Financial Protection Bureau.
Analyzing Website Design Trends From the Top Credit Unions
Web Applications Developer Sam Lechenet analyzes common trends design among the top ten credit unions’ websites, and suggests what common elements you may want to implement into your site.
Growth: How Does It Serve Our Current Membership?
Cumberland County Federal Credit Union CFO Ryan Grund debates the purpose of growth and who it is intended to serve: the management team or the members.
How to Promote Your Credit Union’s Twitter Account
Twitter can be an overwhelming tool, and it may seem as though success on the platform is up to luck or money. However, Casey Smith disagrees and has quite a few ideas to get you started in promoting your credit union’s Twitter account.
Cannabis and Credit Unions: House Passes the SAFE Banking Act
On April 19, 2021, the House officially passed the SAFE Banking Act, which aims to protect financial institutions servicing cannabis accounts. Emily Claus covers the path of the legislation, where it goes from here, and what its odds of success are.
Online Banking Fraud Prevention: The Overlooked Superpower
While everyone is looking for a new, fail-safe solution to online banking fraud, Seth Longcore maintains that an excellent solution has been around for awhile, people just aren’t using it.
