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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 | 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.
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Mar 27, 2024 | 
cuinsight.com | Nicole Goodkind |Chary Krout |Laurie Maddalena |Jovilyn Herrick
The “Buffett Indicator” is flashing red. In 2001, Warren Buffett came up with what he called in Fortune Magazine “probably the best single measure of where [stock] valuations stand at any given moment.”Today that barometer has soared to a two-year high, signaling that a market retreat could be coming.
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Mar 27, 2024 | 
cuinsight.com | Chary Krout |Laurie Maddalena |Jovilyn Herrick
U.S. merchants, Visa, Mastercard and other financial institutions announced a settlement Tuesday in a lawsuit dating back to 2005 over credit card interchange fees. Visa and Mastercard will cap credit card interchange fees into 2029.
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Mar 27, 2024 | 
cuinsight.com | Chary Krout |Laurie Maddalena |Jovilyn Herrick |Rebekah Higgins
It isn’t unusual in times of significant change – like a merger, a new CEO hire, or member program changes – for leaders to want to wait until ALL details are baked before sharing news with employees. So, how do you know when there is enough information to share with employees and begin engaging them in the journey, preparing for the change ahead? As leaders, we often adjust to change as we spend months in preparation phases.
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Mar 27, 2024 | 
cuinsight.com | Laurie Maddalena |Jovilyn Herrick |Rebekah Higgins |Brenton Peck
According to Gallup, only 21% of U.S. employees strongly agree that they trust the leadership of their organization. There are many ways executives and managers can build a culture of trust, and one of the most important elements is fostering psychological safety.
