Credit Union Journal - February 2017

What if your credit union could serve every man, woman and child in the U.S.? Turns out a select few already can.

One common fear is that going high-tech — which often includes a lot self-service — will chip away at the high-touch service CUs are known for, but it doesn’t have to be that way.

While this will hold fintech to similar regulatory standards as traditional FIs, credit unions are especially vulnerable to these potential disruptors.

Instead of focusing on wanting deregulation, the industry should be driving home the credit union difference as the reason why CUs are worthy of special treatment.

Democrats may not be able to score many legislative wins in this Congress, but they appear set on slowing the process down to a snail's pace, particularly when it comes to financial appointments and rollback of the Dodd-Frank Act.

Data breaches at financial institutions dropped by 26% in 2016, but breaches as a whole were up significantly.

If underwriting standards at other lenders begin to fall, how will CUs respond?

A House plan to provide regulatory relief will be more far-reaching when it is reintroduced soon by rendering the consumer protection agency toothless and providing banks with extra incentives to opt into a deregulatory plan.

Now that the second holiday season has passed since the U.S. deadline for EMV migration, acquirers are taking stock of the damages that merchants incurred this year to determine the effect of the new technology.