Jun 14, 2019 | Banks & Credit Unions, News, Online Lending
← Previous Article Next Article → Earlier last year, economists from the World Bank published a report entitled, “Interest Rate Caps: The Theory and the Practice.” It finds that capping interest rates not only reduces average lending rates, but often has...
Jun 11, 2019 | Banks & Credit Unions, News
← Previous Article Next Article → According to a new report, a majority of bank and credit union executives believe that partnerships or collaborations with fintech firms are important in 2019, especially in the areas of digital account opening, payments,...
May 21, 2019 | Banks & Credit Unions, News, Tribal Sovereignty
← Previous Article Next Article → The National Credit Union Administration (NCUA) announced yesterday that it had granted its first federal credit union (FCU) charter in 2019, presenting it to the Otoe-Missouria FCU in Red Rock, Oklahoma. “I congratulate the...
May 10, 2019 | Banks & Credit Unions, Congressional Legislation, News
← Previous Article Next Article → On April 25, NAFSA published an article stating that pressure was mounting for Congress to act on cannabis legislation. At the time, 24 state regulators wrote a letter urging Congress to allow state-chartered banks to work...
May 1, 2019 | Banks & Credit Unions, News
← Previous Article Next Article → The Independent Community Bankers of America (ICBA), the national association for community banks, released its 2019 policy priorities during its Capital Summit in Washington, D.C. on April 29. According to ICBA, community...
Apr 26, 2019 | Banks & Credit Unions, News
← Previous Article Next Article → Despite banks’ long-lasting struggle with poor reputation since the financial crisis, they have found ways to retain customers, especially big banks. According to a recent survey by J.D. Power, only four percent of customers...
