Mia Perez, the chief administrative officer at Coastal Credit Union, emphasized the importance of recognizing and addressing skill gaps in the workforce during her speech at America’s Credit Unions’ 2024 HR & Organizational Development Council Conference. Perez highlighted the necessity for HR professionals to guide employees in bridging these gaps to advance their careers.Perez stressed the need for individuals to acknowledge their skill deficiencies, stating, “just because one is a really good ‘x’ doesn’t mean they’re going to be a really good ‘y.’ The gap between where...
Data analytics has found its way into many aspects of society—and human resources (HR) is no exception. HR leaders are using analytics to track turnover, performance, development, engagement, salaries, and more.“It’s important to start expanding HR data analytics,” stated Kathy Menditto, vice president of human resources at Buckeye State Credit Union in Akron, Ohio. Menditto was speaking at America’s Credit Unions’ 2024 HR & Organizational Development Council Conference in St. Pete Beach, Fla. She emphasized the significance of data analytics, noting that "Your C-Suite...
Senior Vice President of People Development Andria McCollough from Truity Credit Union in Bartlesville, Okla., highlighted the positive impact of involving employees in project management teams. McCollough noted a 63% better retention rate for staff involved in project teams compared to those who were not, emphasizing the success story of engaging people in the process. The credit union has run 106 teams since 2008, with 254 employees participating and gaining valuable skills that have increased their engagement and desire to stay with the organization.At America’s Credit...
The American Fintech Council (AFC) has voiced concerns over the Federal Deposit Insurance Corporation's (FDIC) approach to innovation in financial services. The AFC, representing responsible fintech companies and major Banking-as-a-Service banks, has sent a letter to the FDIC addressing what it perceives as a lack of communication and an adverse stance towards innovation.
Armed with gloves, grabbers, and garbage bags, credit union leaders hit St. Pete Beach Sunday morning in Florida to participate in a giveback event. The initiative aimed at cleaning up the beach and contributing to environmental conservation efforts.The event, which marked the commencement of the four-day conference hosted by America’s Credit Unions, saw participants collecting 300 pounds of garbage from the area outside the TradeWinds Islands Resorts. Items removed included a variety of debris such as sandals, towels, cans, cups, napkins, straws, squirt guns, broken...
In September 2023, Xbox Insiders were given early access to the Xbox Mastercard, marking Xbox's introduction of its first co-branded credit card in the United States. This card, issued by Barclays US Consumer Bank, is now available across all 50 states for qualified U.S. residents aged 18 and older.
New data from the Bank Policy Institute (BPI) indicates that the Financial Crimes Enforcement Network (FinCEN) may have underestimated the time banks require to file suspicious activity reports (SARs). According to BPI's survey, banks spend an average of 21.41 hours on each SAR, a figure that starkly contrasts with FinCEN's estimate of 1.98 hours. This discrepancy emerged in a submission to FinCEN as part of their Paperwork Reduction Act obligations.
Legislation introduced by New York State Senator James Sanders Jr., who chairs the Senate Banks Committee, aims to provide funding for organizations to establish financial capability and literacy programs. The American Fintech Council (AFC) has announced its support for this initiative, which seeks to create the NY Financial Literacy Fund. This fund is intended to serve unbanked or underbanked consumers through educational and product opportunities.
Continental Finance, a leading financial technology company, has joined the American Fintech Council (AFC), according to an announcement made on April 11, 2024. The AFC is known for representing responsible fintech companies and other financial institutions focused on innovative banking solutions.
Andrew Charnley, Managing Director of Assetz Capital, recently reflected on the insights gained from attending MIPIM 2024. The annual event served as a barometer for the global real estate market, sparking discussions on various key themes among industry leaders, investors, and policymakers.One critical topic discussed was the impact of interest rates on real estate investments. Charnley noted the need for agile investment strategies, particularly in high-demand areas like PBSA, data centres, logistics, and the care sector, to navigate the effects of fluctuating interest...
The American Fintech Council (AFC) is urging Kansas Governor Laura Kelly to sign House Bill 2560, which aims to establish a regulatory framework for Earned Wage Access (EWA) services. The bill seeks to implement safeguards and standards for EWA providers, ensuring consumer protection in Kansas.
Capital One has been recognized by Great Place To Work and Fortune magazine as one of the 2024 Fortune 100 Best Companies to Work For. This marks the 13th consecutive year that Capital One has made it onto this list, securing the No. 15 spot this year.
Navy Federal Credit Union has once again been acknowledged as one of the Fortune 100 Best Companies to Work For in 2024, marking its 13th consecutive appearance on the list.
The American Fintech Council (AFC) has announced a strategic partnership with the Center for Accelerating Financial Equity (CAFE). This collaboration was unveiled as part of Financial Literacy Month. CAFE is based at the Fintech Innovation Hub by Delaware Tech Park on the University of Delaware campus. It focuses on advancing financial health and wellness for low- to moderate-income and underserved populations through fintech innovation.
The American Fintech Council (AFC) has expressed its approval following the Financial Crimes Enforcement Network's (FinCEN) recent move to issue a Request for Information (RFI) concerning the Customer Identification Program (CIP) Rule. This initiative aims to address regulatory inconsistencies and adapt to technological advancements in digital banking, especially with regard to Buy Now Pay Later (BNPL) loans.
Sarah Flowers, a prominent regulatory attorney at U.S. Bank, will join the Bank Policy Institute (BPI) as Senior Vice President and Senior Associate General Counsel. She is set to begin her new role on April 8.
Assetz Capital has released its March 2024 Round-Up, highlighting various updates and initiatives. The company shared insights from Fran Brayford, a Case Manager, who emphasized the importance of teamwork and customer focus in funding cases. "I’m fortunate to work with a fantastic team who are always there for each other," Brayford stated.
Breeze Airways and Barclays US Consumer Bank have announced the launch of the Breeze Easy Visa Signature credit card. This is Breeze's first co-branded credit card, arriving less than three years after the airline's inception. The card offers up to 10X BreezePoints for purchases related to Breeze, including airfare and trip add-ons such as premium seating and inflight snacks. Additional benefits include complimentary inflight Wi-Fi on Breeze’s Airbus fleet, priority boarding, and accelerated earning on everyday purchases like groceries and dining.