SCOTTSDALE, Ariz—Banks and credit unions could recapture $110 billion in deposits and generate more than $1.5 billion in interchange fees by integrating credit reporting capabilities into their checking and payment accounts, a new report from Cornerstone Advisors reveals.
THE feature
WASHINGTON— With the Consumer Financial Protection Bureau significantly scaled back under the Trump Administration, states are stepping in to fill the void with their own consumer protection, privacy, and financial services laws. But for credit unions, the result is not greater clarity—it’s a patchwork of conflicting requirements that could drive up compliance costs, slow innovation, and ultimately hurt members.
SCOTTSDALE, Ariz.—Generative AI isn’t just a buzzword—it’s already delivering measurable productivity gains for financial institutions, and the cost of waiting could be steep, one analyst is saying.
TOPEKA, Kans.—New details have emerged in the case of Envista Credit Union Chairman Daniel Gene Ramsey, who was arrested Thursday evening in Shawnee County on a sexual battery charge.
CINCINNATI—As credit unions compete to attract and retain top talent, a growing number are confronting a complex, high-stakes question: how do they fairly and effectively compensate executives in a system that lacks stock options and faces rising financial pressures?
DALLAS—When John Wingate looks at the year ahead, he sees credit unions going all in on the stablecoin market at a pace few could have imagined just months ago.
WASHINGTON— Credit unions and their members are bracing for the Federal Reserve’s expected interest rate cut today—either 25 or 50 basis points—an adjustment that could ripple across consumer borrowing, repayment behavior, and overall financial health.
WASHINGTON— As the Federal Reserve prepares to cut interest rates this week—likely by 25 or 50 basis points—credit unions are weighing how much relief the move will bring to a sluggish auto lending market. While lower borrowing costs could help loosen wallets, analysts and industry data suggest any rebound may be more psychological than financial.
DANVILLE, Ill. — In a small Illinois town grappling with economic decline, homelessness, and shrinking opportunity, one local credit union is thinking big by going small—very small.
LAKE FOREST, Ill.— Where are overdraft prices headed now? Not lower. After 12 straight quarters of declines, the downward trend in overdraft fees has finally come to a halt.