ORLANDO, Fla. - (04/04/05) E-mail holds great potential forcommunicating with select employee groups and credit unionambassadors, but many credit unions either underutilize thetechnology or get it wrong when they do use e-mail. That was amongthe observations made by Tony Rizzo, president of Pinpoint DirectMarketing in remarks before The Credit Union Journals SEG& Business Development Conference here. Rizzo outlilned aseries of strategies and best practices for credit unions to usee-mail more effectively during his 45-minutes of remarks at thepopular meeting, which was held at the Renaissance Hotel at SeaWorld. Why do most e-mail programs fail? Too many e-mails,not enough content, noted Rizzo. There is not enoughsynergy from the business development angle.
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The Treasury Department terminated the lease for the Consumer Financial Protection Bureau's Washington, D.C., headquarters; HSBC's Gerry Keefe, head of banking in Europe and the Americas, quit to take a role outside of the financial services industry; Deutsche Bank has reported potential sanctions breaches involving Russian clients to German financial regulator Bundesbank; and more in this week's banking news roundup.
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Federal Reserve Gov. Christopher Waller said Friday that the length of time the Strait of Hormuz remains blocked will be a key factor in the longer-term inflation outlook — and, by extension, the Federal Reserve's monetary policy path.
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Nationwide, Americans are falling behind on their car loans. But among Ally Financial's customers, delinquencies fell during the first quarter.
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The international messaging network is attempting to standardize consumers' cross-border payment experience as other payment rails such as Visa Direct, Mastercard Send and stablecoins pressure the correspondent banking system.
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The Birmingham, Alabama-based company also benefited from improved credit quality, with declines in nonperforming assets and criticized loans paving the way for a reduced provision
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CEO Tim Spence said folding in the acquired bank has gone to plan so far, but the biggest point of risk is still on the horizon.
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