As the digital revolution picks up pace, branch transformation within the financial services industry is following suit. Financial institutions are re-evaluating what is and isn’t critical to their infrastructure as they try to keep up with the 24/7 demands of consumers – including self-service cash that’s surcharge-free. Learn how financial institutions are weighing the strategic surcharge-free options available to ensure successful business longevity and superior customer experience and satisfaction.
Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau, has requested no funding from the Federal Reserve in the second quarter and instead will use reserves to fund the agency.
Mark Calabria, chief economist to Vice President Mike Pence, said passage of the regulatory relief bill could be delayed as policymakers deal with other items such as budget deadlines and an infrastructure bill.
The Consumer Financial Protection Bureau faces significant obstacles in reopening the payday lending rule including likely legal challenges and a lengthy compliance process with the Administrative Procedure Act.
Craig Phillips, a top aide to Treasury Secretary Steven Mnuchin, said his department "broadly" agrees with the FHFA plan, which would return Fannie Mae and Freddie Mac to the private market and provide them an explicit government guarantee.
The Goshen, Ind.-based credit union had been running Symitar's Episys core processing system in-house, but elected to move to EASE out of a desire for greater resiliency in its business continuity planning.
President and CEO
Independent Community Bankers of America
The Trump administration should not name J. Mark McWatters as head of the consumer agency, given his lack of experience overseeing commercial banks and his leadership of the National Credit Union Administration, a cheerleader for the industry it supervises.
With support for Windows 7 ending on January 14, 2020, many credit unions will need to start planning their ATM operating system upgrade. Learn more about why now is the time to begin planning the migration of your ATMs to the new Windows 10 operating system.
First Heritage Mortgage Services, a highly successful and rapidly expanding Credit Union owned mortgage banker, providing comprehensive mortgage services from origination through servicing has announced its search for a Chief Operating Officer.