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Mar 28, 2024 | 
cuinsight.com | Bo McDonald |Nicolle Hood |Craig Page |Chary Krout
A new report from the U.S. Department of the Treasury identifies potential opportunities and risks for artificial intelligence (AI) on the security and resiliency of the financial services sector.
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Mar 28, 2024 | 
cuinsight.com | Bo McDonald |Chary Krout |Laurie Maddalena |Nicolle Hood
I was recently on a flight back from my visit to GAC and had to do something uncomfortable. I had to sit on a different side of the plane. My connecting flight from Atlanta back to Greenville, SC, was full by the time I went to book, and my only choices were seats on the right side of the plane. I’m a person of nature (or OCD, whichever you prefer) and always book a window seat on the left side of the plane. I had no choice. I booked a window seat on the right side of the plane.
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Mar 28, 2024 | 
cuinsight.com | Nicolle Hood |Craig Page |Chary Krout |Laurie Maddalena
In the realm of youth financial education, there is a common trend for institutions to focus solely on teaching kids directly, whether through school programs or youth initiatives. However, the role of parents in shaping children’s financial literacy cannot be overstated. Credit unions, in particular, have a unique opportunity and responsibility to include parents in the financial education conversation and provide them with the necessary tools and resources.
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Mar 28, 2024 | 
cuinsight.com | Craig Page |Chary Krout |Laurie Maddalena |Jovilyn Herrick
According to the latest report released by the National Credit Union Administration, credit unions remain mostly stable in their performance and resilient to the challenges of the current economic environment at the end of the first quarter of 2024. However, this doesn’t mean credit unions should become complacent. NCUA Chairman Todd M.
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Mar 27, 2024 | 
cuinsight.com | Lisa Hochgraf |Chary Krout |Laurie Maddalena
CUES member Elizabeth Sharpe recently shared with the CUES Net member community that a couple of her members had moved their accounts to Chime “because of the early availability of their funds.
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Mar 27, 2024 | 
cuinsight.com | Chary Krout |Laurie Maddalena |Jovilyn Herrick
Refinancing your federal and/or private student loans can be a great way to consolidate payments and potentially save money on interest over time. However, while there are numerous advantages to student loan refinancing, it may not be the best option for everyone. So, when is the right time to refinance your student loans? You generally need to be in grace or repayment on one or more student loans after graduation or separation from school in order to refinance.
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Mar 27, 2024 | 
cuinsight.com | Chuck Mikolajczak |Chary Krout |Laurie Maddalena |Jovilyn Herrick
U.S. stocks were higher on Wednesday, with the Dow leading gains and the S&P 500 setting a closing record, paced drugmaker Merck, while investors looked towards the next piece of inflation data and Federal Reserve commentary for signals on the rate path. Merck & Co (MRK.N), opens new tab advanced 4.96% as the best performer on the Dow after the U.S. Food and Drug Administration approved its therapy for adults suffering from a rare lung condition.
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Mar 27, 2024 | 
cuinsight.com | Chary Krout |Laurie Maddalena |Jovilyn Herrick
In the ever-evolving landscape of lending, the intersection of human judgment and artificial intelligence (AI) has become a focal point. The coexistence and co-development of these two forces is all but an encouraging phenomenon that will steer consumer well-being to its center stage. In a recent paper titled “Rise of Machines”, authors Mark Jansen, Hieu Nguyen, and Amin Shams delve into the impact of automation on consumer lending.
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Mar 27, 2024 | 
cuinsight.com | David Baumann |Chary Krout |Laurie Maddalena |Jovilyn Herrick
The U.S. Chamber of Commerce, the American Bankers Association and state trade groups have asked a Texas federal appeals court to issue an immediate order delaying implementation of the Consumer Financial Protection Bureau’s credit card late fee rule.
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Mar 27, 2024 | 
cuinsight.com | Chip Filson |Chary Krout |Laurie Maddalena |Jovilyn Herrick
In 1973 a critic of mainstream economic thought was published in Small is Beautiful: A Study of Economics As If People Mattered by E. F. Schumacher. The author espoused a principle that small, appropriate technologies, policies, and policies were a superior alternative to the accepted ethos of “bigger is better.”His thesis is the exact opposite of the forces driving market capitalism.
