WASHINGTON—One credit card analyst is suggesting the U.S. card market is a “Ponzi scheme” that will begin showing signs of a collapse in 2017.
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WASHINGTON—Fintechs are typically seen as peripheral competitors by credit unions, but that may change following a decision by the OCC to grant some of the upstarts national bank charters.
ST. PETERSBURG, Fla.—Credit unions should look for mobile wallets to finally gain traction this year, while keeping another sharp eye out for crooks finding ways to exploit same-day payments.
LAKE FOREST, Ill.—A new study shows credit union deposit account service charge revenue is greater than it was in 2007, but that since the Great Recession banks have yet to make a comeback in the same category.
BOULDER, Colo.–There aren’t too many credit union videos that require the services of a “chicken handler.” But that’s just one of the unique aspects of a video that received more than 100,000 views in social media that was created by Elevations Credit Union here.
GREENWICH, Conn.—Credit unions are being urged to watch closely for members buying a soda from a vending machine with their plastic and shortly afterward making a big-ticket purchase at a nearby store with the same card.
LAKE FOREST, Ill.—Without fee income, more than half of banks, thrifts and credit unions would have to report a loss in net income for 2016—with the issue affecting CUs much more than banks.
WASHINGTON—Two-thousand-and-sixteen was a year in which regulatory relief for credit unions did not come from Capitol Hill, but instead from a regulatory agency, NCUA, largely in the form of new field of membership and member business lending rules, as well as a lighter exam schedule.
CHICAGO–With 2017 now here, there have been numerous forecasts about what the new year might hold, representing everything from how a new administration and Congress might act to the future of rates to technology’s implications.
CHICAGO–During the last four months of 2016 credit union CEOs made road trips to visit with their peers, were hit by new types of cyberthreats, and began preparing for what a new presidential administration and Congress might mean. Below, CUToday.info highlights some of the top stories of September through December of 2016.