There are banks engaged in newsworthy initiatives all across this country. Maine’s Bangor Savings Bank caught my eye recently, not only because it provides tuition reimbursement, but because it has partnered with Husson University to allow its employees to earn undergraduate credit for work done at the bank. [Continue]
Kathleen Kraninger, the Trump-selected director of the Consumer Financial Protection Bureau, is emerging as a very intriguing public official. Criticized early on as inexperienced, Kraninger has turned out to be refreshingly selfless. Confirmed by the Senate last December on a straight-line party vote, Kraninger is attempting to take partisan politics out of the CFPB leadership job. [Continue]
ClickSwitch is a Minneapolis-based fintech with a simple goal: Make it easier for people to switch banks. The company started with a focus on moving automatic payments between banks but soon learned the key was to move direct deposit information. [Continue]
Demographic trends are reshaping the U.S. labor force, leading economists and policymakers to rethink the key macroeconomic parameters that drive decision making, and reassess their views about the economy’s longer-run growth potential. Like melting glaciers, changes in global demographics are difficult to see in the near term, but over time they will reshape the landscape. [Continue]
This will be a year to remember as weather patterns went from wet, to dry, to wet again in many parts of the country. Trade negotiations improved, deteriorated, improved and deteriorated again. Yet, notwithstanding the rollercoaster ride, the financial conditions of agriculture changed little due to government payments. [Continue]
Just about every banker who has had to make a hire in the past year knows how daunting the task has been. From the top of the organizational chart to the bottom, finding a skilled worker to fill an open position is hard — and it might get worse. [Continue]
Workers are looking for advancement opportunities, a way to see that their efforts are making a difference in peoples’ lives, and a culture that fosters collegiality, growth and innovation. [Continue]
Breaking Banks, the No. 1 fintech podcast in the world, relies on word of mouth for marketing. Instead of creating sound bites highlighting products and services, banks seeking to reach customers through audio content should embed financial products into an examination of a customer’s bigger journey. [Continue]
One of the best ways for banks to mitigate risks, therefore, is to have their own tailored agreements with customers that set forth the terms, guidelines and use of the products that third-party vendors provide. [Continue]
What steps can bank hiring managers take to help ensure they’ll have a pipeline of top talent ready? Experts offered tips on what’s worked well for them. [Continue]