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The past several years, and the time leading up to the last election, has created a divide in our country far wider than anything seen in my 40 years as a credit union executive.]

WASHINGTON–During a House hearing titled “Buy Now, Pay More Later? Investigating Risks and Benefits of BNPL and Other Emerging Fintech Cash Flow Products,” a representative of one national consumer group shared with Congress a number of concerns over the rapidly growing BNPL solutions.

ANTIGO, Wis.–CoVantage Credit Union has become the latest CU to report it will no longer charge overdrafts fees of any kind. The policy went into effect Nov. 1.

WASHINGTON—The rapidly growing buy now, pay later (BNPL) solutions in the market must be subjected to greater regulatory oversight, NAFCU stated in a letter to the House Financial Services Committee Task Force on Financial Technology. The letter was sent ahead of a hearing held by the committee on BNPL offerings that are being driven primarily by fintechs and which allow consumers to spread out payments on purchases.

FORT WASHINGTON, Penn. — TruMark Financial Credit Union has moved its 7306 Castor Avenue branch to its new location at 7350 Large Street in Philadelphia, and celebrated with a ribbon-cutting ceremony. 

WASHINGTON—The Consumer Financial Protection Bureau has a key role in policing cryptocurrency payments and doesn’t need to wait for other agencies to act before taking steps to crack down on abuses in the market, according to Senator Elizabeth Warren (D-MA).

PALM DESERT, Calif.–Credit unions still thinking in terms of the traditional sales and marketing funnel are so 1898. No, seriously, that’s when the much-cited funnel was first created, one person told credit unions, stating if they want to make it to 2028 and beyond they need to be thinking in much different terms involving “experiences.”