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#3469: What Credit Unions Should Know About CFPB's Recent Fair Lending Report...

9/29/2024

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Kareem Saleh, CEO/Founder of FairPlay, and Imon Chatterjee, VP of Risk and Analytics at Happy Money, joined us on the show to discuss what credit unions should know about the CFPB's recent fair lending report.

Kareem and Imon briefly refreshed us on CFPB’s recent fair lending report with a couple of notable takeaways:

number of institutions cited for fair lending violations were up
heightened focus on Less Discriminatory Alternatives (LDA)

They both shared how the report will affect credit unions and what credit unions should know about this report.

Lastly, Imon and Kareem shared tips for how credit unions can evaluate and increase fairness in their lending models.

Check it out and let us know your thoughts. And be sure to watch the entire episode below for all the details.

#3468: NASCUS Brian Knight Provides Preview of 59th Annual State System Summit...

9/29/2024

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NASCUS President/CEO Brian Knight stopped by the show to provide a quick preview of the organization's upcoming 2024 NASCUS 59th State System Summit, taking place in Colorado Springs at the Broadmoor on October 21-23.

Some of the speakers/topics Brian shared:

Managing a Multi-Generational Workforce, Membership, and Movement (Humanidei’s Jill Nowacki)
The Continued Evolution of Payments (Innovative Payments Association’s Brian Tate)
The Hastening Pace of the Technological/Digital Transformation (PURE IT’s Co-founder/Chair Becky Reed)
The Future of the Credit Unions (Callahan’s Jon Jeffrey’s)
The State of Commercial Lending in the CU Universe (Innovative Business Solutions’ Mark Cox)
Evolving Credit Risk in a Challenging Economy (Sheila Balzer at SingerLewak)

Some of the other key topics to be discussed:

deep dive into the evolution
challenges, and opportunities of digital assets in the marketplace
continuing rise of fintech
future of credit union powers
balancing regulation

Another important NASCUS event Brian discussed is the BSA/AML Conference in Nov. 13-15, 2024, in San Antonio -- and, of course, next year's 60th anniversary of the Summit Conference Sept. 16-19, 2025. Mark your calendars!

Check it out and let us know your thoughts. And be sure to watch the entire episode below for all the details.

ELR24: How to Expand Borrower Coverage by Reducing the Reliance on Proof-of-Income...

9/28/2024

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Matt Sather, Chief Underwriting Officer at Open Lending, joined us in the Studio Lounge to discuss expanding borrower coverage by reducing reliance on proof-of-income in today's auto lending process.

Check it out and let us know your thoughts. And be sure to watch all Studio Lounge interviews at 2024 ELR, as well as checking out our host/sponsor Open Lending.

ELR24: FCFCU's Todd Anderson Addresses Increasing Pay Stub Fraud in Today's Auto Lending...

9/28/2024

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Todd Anderson, VP of Lending at Financial Center First Credit Union, joined us in the Studio Lounge to share some of his ELR takeaways and highlights, as well as addressing the increase in pay stub fraud in today's auto lending process -- and what they are doing to mitigate this growing trend.

Check it out and let us know your thoughts. And be sure to watch all Studio Lounge interviews at 2024 ELR, as well as checking out our host/sponsor Open Lending.

ELR24: Lenders Cooperative's Dave Waller Stresses the Importance of SBA Lending for Credit Unions...

9/28/2024

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Dave Waller, Senior Vice President at Lenders Cooperative, stopped by the Studio Lounge for a quick discussion on SBA lending's significance for today's credit unions.

Check it out and let us know your thoughts. And be sure to watch all Studio Lounge interviews at 2024 ELR, as well as checking out our host/sponsor Open Lending.

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