BOCA RATON, Fla.—As more credit unions focus on real-time payments they should also be paying attention to whether their members’ mortgage tax escrow payments are being made instantly, as well, says one expert.
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WASHINGTON–Analysts, lawyers and politicians of all stripes spent the weekend offering forecasts on what a momentous Supreme Court decision on Friday will mean, and that includes for NCUA and the CFPB.
SAN DIEGO–A trio of car dealer representatives shared with credit unions here their strategies with lenders, the importance of e-contracting, what they are seeing from the captives and borrowers with negative equity, what makes lending relationships work, and more.
SAN DIEGO–A company that began its life when the Ford Taurus was the number-one selling vehicle and a gallon of gas averaged $1.17 a gallon, and which went on to become a verb in credit unions, celebrated its 30th birthday here by looking both back at where it has come from as well as at how the market might look 30 years from now.
WASHINGTON–The Federal Credit Union Act turns 90 today–but only thanks to a late reprieve. And while much has changed from the days when loans were capped at $50 and regulatory oversight was provided by the Department of Agriculture, other things have remained remarkably consistent, including opposition from bank groups.
CHICAGO—Amid all the other fraud threats credit unions must defend against, there is another growing tactic that needs attention, according to one cyber security expert.
LAKE JACKSON, Texas—One credit union that has struck a name, image and likeness (NIL) deal with a local university believes the agreement is not only different, but more effective in the long run than some other NIL deals being closed among cooperatives.
SAN DIEGO—While a credit union that’s dangling a certificate paying a whopping 9.5% rate said it did so primarily to celebrate its 95th anniversary, it’s also reporting several side benefits, including $3 million in new money and 200 new members in less than a month.
ST. PETERSBURG, Fla.—Credit unions across the country have seen a sharp increase in members calling to dispute card transactions, and much of that is due to fraud, according to Velera, which is recommending credit unions markedly improve how they educate and draw members into the fraud fight.
DETROIT—While the Federal Trade Commission (FTC) has issued a final rule banning noncompete clauses in contracts nationwide, the impact the rule might have on credit unions won’t be answered for several months, one attorney says.