LAKE FOREST, Ill.—Consumer complaint data collected by the CFPB continues to show that most people are satisfied with their overdraft protection service and that the Bureau’s attention could be better directed to other banking areas.
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SAN DIEGO—Mobile account opening will overtake desktop account opening by 20% in 2016, according to a new forecast.
DES MOINES, Iowa—Credit unions can no longer overlook a big question that’s right around the corner with payments—what to do if cards no longer become the preferred payment mechanism within digital wallets?
MALVERN, Penn.—Despite strong credit union loan growth in 2015, one analyst thinks CUs can do even better this year by including less traditional approaches, such as merchant lending.
LAKE FOREST, Ill.—Overdraft prices in community banks with $100 million or less in assets have remained unchanged for almost a decade, according to a new study that shows the small banks charge $3 less per OD compared to similar-asset-size CUs.
WASHINGTON—Economic problems in China could not only affect further rate hikes from the Federal Reserve, they might shrink credit union net interest margins.
COLUMBUS, Ohio—Telhio Credit Union is not only paying consumers to join the CU, it’s offering to make a second payment if they stay around.
DES MOINES, Iowa—While a number of analysts told CUToday.info they see Walmart Pay as a positive for FIs, there are those concerned that the new digital wallet won’t be good for mobile payments.
HOUSTON—Houston Police FCU has 65% of its members using its checking services and averages more than 4.5 services per account holder, which the $603-million CU credits to keeping to its roots.
WASHINGTON—Noting the trade association had a trio of top legislative priorities in 2015, CUNA reflected on what was accomplished during the last 12 months.