Weekly Coffee Break: Roundup of Industry News
Every week, we’ll share a roundup of industry news and links that have informed, entertained, and inspired us.
Here’s our weekly roundup of industry news:
Proposed CFPB Rules Allow for Wide Disclosure of Confidential Material – The CFPB’s proposed rules governing the handling of data would allow the agency to disclose to non-credit union regulators information that should remain confidential, credit union trade groups said in comments filed last week.
The Next Big Thing for Credit Unions: Biometrics – Biometrics is becoming more mainstream at credit unions. The technology, while not exactly new, is driven by the need to authenticate members and staff accurately and effortlessly.
The Invisible Bank of the Future – Banking today is becoming less and less a place you go, and more something that is hidden from view behind digital banking and commerce apps. Once an account is opened at a bank or credit union, there is less need to stop into a branch, since functions like deposits, borrowing, payments and transfers can be done without personal interaction through online and mobile devices.
How credit unions are embracing Small Business Saturday – For the past six years, small businesses have been given a big opportunity every November. The movement, otherwise known as Small Business Saturday, produces pride in shop owners and a sense of community in consumers.
Small Business Saturday was started in 2010 by American Express, and was developed to raise awareness of the importance of small businesses to the American economy and support small business owners. Since then, the trend toward local consumption has gained traction, and Small Business Saturday has helped foster a feeling of dignity when it comes to buying and selling local goods.