Article
| MAY 17, 2022
Forecasts
| MAR 23, 2022
Forecasts
| MAR 23, 2022
Article
| MAR 2, 2022
Here’s what credit unions need to do to reverse a drop in member satisfaction.
Article
| JAN 7, 2022
Federally insured credit unions can team up with third-party digital asset providers and keep members who want to explore this asset class within their ecosystem.
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| JAN 25, 2022
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| JAN 25, 2022
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| JAN 25, 2022
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| JAN 25, 2022
Report
| FEB 10, 2021
Report
| APR 14, 2022
Star One Credit Union. Statistics Canada. The Economist Intelligence Unit. The Financial Brand. The Sun. US Census Bureau. Walmart. Wipfli.
Report
| DEC 7, 2021
It was widely available among the top 10 banks in the category; those that didn’t offer it either have few branches (like the Navy Federal Credit Union) or are digital only (like Ally). Virtual assistants. They help with simple queries, but customers are less interested in talking to a bot than to a human.
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| MAR 1, 2022
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| FEB 15, 2022
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| FEB 15, 2022
Article
| MAY 4, 2022
Thirteen percent of mid-tier banks and credit unions said they will join FedNow immediately upon its launch, according to the Volante survey, and an additional 16% of respondents plan to join in the first year.
Article
| MAY 4, 2022
Youth banking booster: Our research has found that Gen Zers have a tendency to distrust traditional financial institutions (FIs)—for example, just 11% of women and 19% of men have sought financial advice from a bank or credit-union associate. But almost half (47%) aim to improve their credit scores and 46% want to establish and keep to a budget, according to Marcus.
Article
| MAY 11, 2022
This is why major banks have yet to serve the cannabis sector—though smaller regional banks and credit unions tend to be “more comfortable” serving the market, Dan Muller, founder and CEO of digital payments firm Aeropay told Banking Dive. The big takeaway: Startups like CanPay, SuperNet, and POSabit see an opportunity to fill the digital payments gap in the cannabis space.
Article
| MAR 14, 2022
It cited an OCC campaign to boost credit access, such as for small-dollar loans, but added that it “did not incorporate performance measures for a key initiative to enhance banking access.”. It noted the NCUA tracks the time it takes to process credit union charters, but doesn’t include performance data on helping with access to credit union services.
Chart
| JAN 25, 2022
Article
| MAY 2, 2022
The Federal Reserve is developing stress tests involving environmental factors for banks and credit unions. The Green Technical Advisory Group in the UK is creating a framework for advertisers that market companies’ sustainability credentials. Regulators in the UK are working on finalizing a set of environmentally sustainable economic activities through the Sustainable Finance Disclosure Regulation.
Article
| MAR 15, 2022
Banks and credit unions are prioritizing APIs: PYMNTS data shows that the proportions that have developed or invested in them increased from 35% in 2019 to 47% in 2021. An additional 25% plan to do so in 2022.
Article
| APR 25, 2022
Rural communities tend to depend on community banks and credit unions. But institutions with less than $1 billion in assets fell from 17,514 to 4,116 during that same period, according to the Congressional Research Service. Eighty-six new banking deserts were created in rural areas from 2008 to 2016, according to the National Community Reinvestment Coalition (NCRC).
Article
| FEB 18, 2022
The CBC reports that requirements cover banks, crypto platforms, credit unions, and insurance companies. Their compliance mandates are expansive and include:. Monitoring and blocking all transactions made to provide funds to the protestors.
Article
| FEB 8, 2022
Amount offers BNPL solutions to clients including regional banks and credit unions. The fintech uses models for verification and fraud, and notes its staff’s compliance experience. Fintech Jifiti’s “white-labeled” BNPL product includes one integration for lenders to serve merchants. It also assumes overhead from banks so they don’t have to update the merchants they use for programs.