Did you hear about the rural resident who came up with a creative way to deposit cash into his bank account? There’s no bank in his town but there is a post office, so he goes there and purchases money orders. Then, he electronically deposits those money orders in his bank, likely using an app on his phone. [Continue]
Now is the time for the banking industry to unite behind an effort to level the playing field with credit unions. Consider what’s going on around the industry, and it is possible to perceive a “perfect storm” of factors that make now the right time. [Continue]
There’s a transition underway at the Bloomington, Minn.-based United Bankers’ Bank, and the person at the center of it is leveraging his humble upbringing, industry knowledge, people skills and competitive nature to make it successful. [Continue]
Looking ahead with accuracy depends on getting a clear picture of the past. As 2019 closes, it is worth recalling some of the year’s developments in order to see where things may be going, from the economy and pot banking to technology and political leadership. [Continue]
The sputtering economy has everyone “searching for yield,” commented Creighton University Economist Ernest Goss, who addressed bankers in Des Moines, Iowa on Nov. 14. Goss and other speakers at the half-day seminar hosted by the Eide Bailly accounting firm, shared concerns about the economy and banking sector conditions, but generally offered upbeat industry assessments. [Continue]
California Gov. Gavin Newsom and the state’s legislature are offering their citizens nothing more than false hope by passing a law allowing for the creation of public banks. [Continue]
It has been a slog for the industry to get to this point, and while the credits are appreciated, the environment was still better in the 1990s when many banks paid no premiums at all. But given how much things have changed in the last 25 years, the post-crisis premium structure seems appropriate. [Continue]
Leadership of the Iowa Legislature gathered for a panel discussion at the 133 rd annual convention of the Iowa Bankers Association. Meeting at the Veterans Memorial Auditorium in Des Moines on Sept. 24, credit union competition dominated the conversation among five elected officials, all Republicans. [Continue]
Former FDIC Chair Sheila Bair, a JFK Profiles in Courage Award winner and twice recognized by Forbes magazine as the “second most powerful woman in the world,” called on the U.S. Department of Education to do more to help college students understand the cost of borrowing. [Continue]
Keynote speaker Jack Mackey opened the 2019 DCI annual bankers conference on Sept. 16 with stories from a British bank and a fast food restaurant that provided insights into great customer relationships. [Continue]