Weekly Coffee Break: Roundup of Industry News

Weekly Coffee Break: Roundup of Industry News

Weekly Roundup of Industry News

Every week, we’ll share a roundup of industry news links because these resources have informed and inspired us. Here’s our weekly roundup of industry news:

3 tips to help you make the most of your tax refund – If you’re having a hard time saving money, you’re not alone. About 34 percent of adults in the US—that’s about 72 million people—report having no emergency savings. Meanwhile, 47 percent of American adults say they wouldn’t have enough savings to last three months if they lost their source of income. Even if you find saving hard, an emergency fund can help cushion financial difficulties. Households facing an emergency without a savings cushion are more prone to long-term setbacks, such as food and housing insecurity.

Bank Branches Are Still Good for at Least One Thing – Even the kind of consumer who is always connected to the Internet may still crave a human connection when it comes time to open a bank account.

5 Biggest Phone Scams in Circulation – The Atlanta-based Pindrop detected a number of emerging phone scams, some of which involve Google listings, health insurance and the MasterCard settlement. The voice fraud prevention and authentication firm also gathered data on mobile fraudsters’ frequency and methods.

Frost Bank, Zions Bank and Synovus Financial Top List of 2015 Greenwich Excellence Award Winners in U.S. Small Business Banking – Frost Bank, Zions Bank and Synovus Financial took top honors in the 2015 Greenwich Excellence Awards in Small Business Banking. Frost Bank led all U.S. competitors with 18 national and regional Greenwich Excellence Awards, followed by Zions Bank with 17 and Synovus Financial with 16. Greenwich Excellence Awards recognize banks that deliver exceptional service quality to small businesses. Awards are given in 14 national banking and cash management categories, and in 20 regional categories. This year Greenwich Associates evaluated more than 600 banks, and 34 were recognized for distinctive quality.

How these 6 legal predictions will greatly impact credit unions in 2016 – We’re well into our second month of 2016 and folks are still providing predictions on what will happen in 2016. Nothing wrong with that. In fact, it’s always fun to speculate on what will happen in any part of life.

Will Banks Become App Stores? This De Novo Wants To – For years, banks have — sometimes begrudgingly — allowed customers to share account data with other companies. Now, a startup bank across the Atlantic says it will not only tolerate such sharing but encourage it.