Insuring a vehicle can be expensive. High premiums often cause many borrowers to forego insuring their vehicles to save on their expenses — which can increase the risk exposure for your portfolio.

In 2023, the financial services industry grappled with challenges like high interest rates and staffing shortages, forcing FIs to increase deposit rates and impacting their net interest margin.

From economic fluctuations to regulatory changes, the challenges credit unions face are diverse and often unpredictable.  Utilizing a predictive forecasting tool gives you the ability to use big data

The compliance burden faced by credit unions today is heavier than that of even a year ago. New regulation standards are accelerating and evolving to meet current challenges and so too must the

Inflation and interest rates hit some of their highest rates in over 20 years leaving institutions in a liquidity crunch. When creating a strategic plan, consider these three key drivers to help spur

Lenders are under increased pressure to provide accurate and timely refunds to borrowers. The scrutiny of a dynamic regulatory environment and ongoing staffing challenges add further strain to

Federal law is high and mighty, but with the green light provided to states for cannabis use the boundaries can seem a little hazy. While healthcare is expanding its medical marijuana reach, the

Death to overdraft fees has been a common theme in the news lately. Notably, mega banks are eliminating them. Overdraft fees aren’t going anywhere, and the advantages of keeping them around are

In order to properly diversify, a financial institution should pay special attention to the purchased loans’ risk exposures to ensure they are a different asset class than the loans in the

As legalization of cannabis prevails, the haze of challenges faced by financial institutions still lingers. Is your credit union considering all the risks of taking on cannabis banking?

Information to share with consumers to prevent a charity scam.

With 2022 starting to come to an end, fraud and litigation trends continue to be a hot topic. Termination and overdraft class action lawsuits are increasing, along with physical ATM/ITM attacks.