Sep 16, 2022
S.4674, the Credit Card Competition Act of 2022 introduced by Senators Durbin and Marshall appears to be a solution in search of a problem. The act, if passed, would impose price caps on the amount merchants can be charged when choosing to utilize credit card networks...
Sep 16, 2022
The Nebraska Credit union League and credit union advocates continue to meet face-to-face with candidates running for the Nebraska Legislature and Congress leading up to the November 8th General Election. The visits are an opportunity to educate candidates on the...
Sep 16, 2022
Inflation remains hot, and the Federal Reserve pushes forward on its mission to tame inflation. With the most recent 75-basis-point increase in the key overnight rate, the Federal Reserve brought the benchmark rate to the 2.25%-2.50% range. Unfortunately, on the heels...
Sep 16, 2022
By MaryAnne Colucci, Director of Fraud and Risk, Envisant Consumer reports of fraud losses to the FTC increased by 70% from 2020 to 2021 (FTC). Technology is the power behind many of these fraud attacks. According to a survey by ID Insight and About-Fraud, 65% of...
Sep 16, 2022
For years the League has encouraged Nebraska lawmakers to reject any bank attempts to share the land lease arrangement between the Department of Defense and credit unions. We have, and continue, to work closely with Congressman Don Bacon a member of the House Armed...
Sep 16, 2022
The application period is now open for credit union young professionals to be a “Crasher” during the 2023 CUNA Government Affairs Conference in Washington D.C. The application deadline is December 2nd. Crash the GAC is a creation of the Filene Research Institute and...
Sep 16, 2022
Activating new credit cards is a very common practice that today is pretty simple and easy, but just a few years ago, activating a new card you received in the mail wasn’t all that convenient. At the time, options were limited. You would have to call your credit union...
Sep 16, 2022
By Angela Russell, CUNA Mutual Group Chief Diversity Officer Multicultural business strategy is essential if credit unions are to remain relevant to an increasingly diverse marketplace. Over the last five years, multicultural consumers accounted for 61 percent of...
Sep 16, 2022
CECL. It’s a four-letter word that fills credit union officials with dread. It’s an accounting standard that few people understand that was issued by an accounting board nobody ever heard of. And like a pesky animal eating your petunias, all efforts to get rid of it...
Sep 16, 2022
The buy now, pay later (BNPL) industry grew rapidly during the pandemic, but borrowers may have received uneven disclosures and protections, according to a new CFPB report. Five firms surveyed in the report originated 180 million loans totaling over $24 billion in...
Sep 16, 2022
What is Amazon Business? Whether shopping for home or work, people value Amazon for its convenience, selection, and value. But credit unions have different needs than individual buyers. That’s why we created Amazon Business – to combine the selection, convenience, and...
