Coronavirus Impact
Coronavirus Impact

Shifts in consumer behaviors have boosted interest in several loan categories, which could be a boon for credit unions.

August 21
3 Min Read
CUJ-081920-TAXBURDEN (4).jpeg

Many employers aren't enthusiastic about an executive action that allows workers to delay paying certain taxes until next year.

August 21
5 Min Read

Executives and boards are bracing for elevated loan losses and stagnant revenue, which will mean more conversations about belt tightening as opposed to added investment.

August 20
4 Min Read

With continued economic instability as a result of the coronavirus, how will the US manage the uncertainty that appears to have no end in sight.

August 20
1 Min Read
“You want to try to help ... borrowers get through this time period because they’ll remember that. They’ll become loyal customers for the next decade or decades,” says Citizens Financial Group CEO Bruce Van Saun.

The slowdown in branch traffic brought on by the coronavirus outbreak has accelerated consumers’ adoption of online banking and other tech, meaning banks have no time to waste in digitizing their customer-facing applications, says Bruce Van Saun.

August 20
4 Min Read

Lenders initially won't be able to pass on the cost of the Federal Housing Finance Agency's "adverse market fee" to borrowers whose rates on GSE-backed mortgages and refinances are already locked in.

August 20
6 Min Read
Truist Financial was one of the four lenders sued by Sport & Wheat, a Florida-based certified public accounting firm.

A federal judge in Florida ruled that lenders are not required to make payments to borrowers' attorneys and accountants unless they struck upfront agreements to do so. The decision has implications for a slew of related lawsuits.

August 20
2 Min Read
BankThink

Retailers and banks must cater to local purchasing preferences if they seek to meet the changing needs of their domestic consumers or conduct business across borders, which includes growth opportunities and innovation, says SafetyPay's Gustavo Ruiz Moya.

August 20
4 Min Read
The Latest