credit unions

Credit union, a type of financial institution similar to a commercial bank, is a member-owned financial cooperative, controlled by its members and operated on a not-for-profit basis.

Source: en.wikipedia.org

Banks Target Account Opening Tech to Avoid Deposit Drift’s ‘Death by 1,000 Cuts’

Banks Target Account Opening Tech to Avoid Deposit Drift’s ‘Death by 1,000 Cuts’
Banks Target Account Opening Tech to Avoid Deposit Drift’s ‘Death by 1,000 Cuts’
November 13, 2024  |  Banking

The average consumer has 5.3 bank accounts. Now that the Consumer Financial Protection Bureau has issued a final rule on data sharing, the age of...

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Staying Competitive: Why Speed and Efficiency Are Crucial for Loan Origination
Staying Competitive: Why Speed and Efficiency Are Crucial for Loan Origination
November 11, 2024  |  Opinion

Banks and credit unions face pressure to meet rising consumer expectations for fast, personalized and seamless digital experiences, Amount Chief Product and Technology Officer Kevin...

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CFPB: Navy Federal CU Fined $95 Million for Alleged Illegal Overdraft Fees
CFPB: Navy Federal CU Fined $95 Million for Alleged Illegal Overdraft Fees
November 07, 2024  |  Bank Regulation

The government has ordered America’s largest credit union to repay its customers $80 million. Navy Federal Credit Union was issued that order Thursday (Nov. 7)...

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Lend, Don’t Break: How Mid-Size Banks Can Overcome Digital Lending Growing Pains
Lend, Don’t Break: How Mid-Size Banks Can Overcome Digital Lending Growing Pains
November 07, 2024  |  Banking

Throughout their history, mid-sized banks have served as a lifeline for local businesses across America. These financial institutions (FIs) — including community banks, regional banks,...

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VyStar’s ‘Dysfunctional’ System Switch Reveals Risks, Lessons in FinTech Partnerships
VyStar’s ‘Dysfunctional’ System Switch Reveals Risks, Lessons in FinTech Partnerships
November 05, 2024  |  Banking

Successful collaborations between traditional financial institutions (FIs) and FinTechs rest on one shared goal: offering end-users the best of both worlds. FinTechs bring speed and...

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Giving Credit Unions Credit: Bright Future for ‘Little Guys’ of Banking
Giving Credit Unions Credit: Bright Future for ‘Little Guys’ of Banking
November 05, 2024  |  Credit Unions

Bigger doesn’t always mean better across financial services — especially when it comes to innovation. And as financial technology reshapes the payments industry, even smaller,...

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Rule 1033 Explained: How the CFPB’s Data Sharing Standards Could Reshape Banking
Rule 1033 Explained: How the CFPB’s Data Sharing Standards Could Reshape Banking
November 05, 2024  |  Legal & Regulation

The Consumer Financial Protection Bureau’s finalized rule on data sharing has its share of supporters and detractors. Those in favor of the new mandates —...

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CFPB: VyStar Hurt Customers With ‘Botched’ Online Banking Rollout
CFPB: VyStar Hurt Customers With ‘Botched’ Online Banking Rollout
October 31, 2024  |  Legal & Regulation

Federal regulators have taken action against VyStar Credit Union following a “botched” online banking launch. As the Consumer Financial Protection Bureau (CFPB) said in its...

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