by W.B. King
Credit union executives at the C-level have seen the writing on the wall about millennials for years, but a recent mobile-banking milestone has resulted in significant takeaways for the industry.
The Consumer Financial Protection Bureau is set to unveil a sweeping proposal on debt collection practices this week that would force banks and credit card companies for the first time to comply with federal restrictions. It said the plan would put an end to some of the most egregious practices in the $13.7 billion debt collection industry. more »
Despite fears that increased compliance costs from new Consumer Financial Protection Bureau rules could drive community lenders out of the mortgage business, a watchdog report found that smaller companies remain active. more »
AFCU was so sure its newest branch would be a strategic advantage over its competitors that it turned the development of it into a covert operation. Now, its ready for its close-up.
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Conferences & Events
Wendy's Data Breach
In the wake of the Wendy's data breach, compliance reps from the Michigan CU League sound off on how these events continue to impact credit unions -- and what needs to be done to stop the problem.