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Open Lending’s Matt Roe recently joined NAFCU (National Association of Federally-Insured Credit Unions) to discuss the trends and data uncovered in our near- and non-prime consumer report. I walked away from listening to the episode energized by the opportunity to help lenders reduce barriers to vehicle ownership for underserved segments, starting with their lending enablement solution. Listen to the episode here, and let me know your biggest takeaways: https://lnkd.in/gFaDsKBE

What do Credit Unions Need to Know About the Current Regulatory Focus on Fair Lending? Credit Unions play a critical role in providing accessible credit to millions of Americans. By partnering with fintech innovators like Happy Money, they can expand their reach and leverage cutting-edge technology to deliver more opportunity than ever before. Yet with increased attention from regulators, it’s vital for Credit Unions to ensure their lending practices are both innovative and compliant. I had the pleasure of joining Mike Lawson at CUBroadcast, along with our partner, Happy Money’s VP of Risk and Analytics, Imon Chatterjee, to discuss the regulatory spotlight on Fair Lending. We covered key topics, including the importance of fairness monitoring and how Credit Unions can search for Less Discriminatory Alternatives to their lending practices. If you’re a Credit Union Leader looking to stay ahead of compliance requirements while serving your members, don't miss this episode! At FairPlay, we're committed to providing credit unions with the tools and expertise needed to thrive in this new era of fair lending. Curious about how our software can help your credit union stay compliant and expand access to credit? Let's connect! P.S. A special shoutout to Jason Altieri, Happy Money’s former general counsel, who believed in FairPlay when we were literally just two guys in a garage. Jason’s belief in our mission of extending fair and transparent credit helped us grow from a two-person operation to the category leader we are today. We’ve come a long way—and the journey continues! https://lnkd.in/ercGrJqu

Discover how Greenwood Credit Union and Metro Credit Union are outpacing industry growth by focusing on business checking accounts and commercial relationships. From serving niche markets like cannabis banking to fostering deep community ties, these credit unions are proving that personalized service and strategic focus can lead to exceptional deposit growth.   Hear from industry leaders: Frederick Reinhardt & Robert Cashman   Want to learn more about the strategies fueling their success? Read the full article written by Marc Rapport below.

Check out our founders explain how we are reinventing the decline experience for Credit Union members

Most people don't regret the things they did, they regret the things they didn't do. ~ Ben Nemtin #regret #thingstheydidntdo 𝗦𝗵𝗮𝗿𝗲 𝗮𝗻𝗱 𝘀𝘁𝗮𝗿𝘁 𝗮 𝗴𝗿𝗼𝘂𝗽 𝗱𝗶𝘀𝗰𝘂𝘀𝘀𝗶𝗼𝗻! #creditscore #creditrepair #creditpromax #creditrepairservices

Most people don't regret the things they did, they regret the things they didn't do. ~ Ben Nemtin #regret #thingstheydidntdo 𝗦𝗵𝗮𝗿𝗲 𝗮𝗻𝗱 𝘀𝘁𝗮𝗿𝘁 𝗮 𝗴𝗿𝗼𝘂𝗽 𝗱𝗶𝘀𝗰𝘂𝘀𝘀𝗶𝗼𝗻! #creditscore #creditrepair #creditpromax #creditrepairservices

🚀 Exciting News! 🌟 Thrilled to share the outstanding results from our collaboration with Valley First Credit Union! 🎉 Chris Hawitt, VP of Operations and Digital Strategy, says it best: 'I highly recommend Nettra Media - they were a game-changer for our credit union.' 📈🚀 A big thank you to Chris and the entire Valley First team for trusting us with your success. 🙌 Explore the full success story here: https://buff.ly/3UY6UZL #NettraMedia #SuccessStory #DigitalMarketing" 🌐💼

For the team at Patelco Credit Union, credit is at the core of general wellness. And underserved communities have been impacted most by a lack of credit access. Yazel Pardo, VP, Head of Credit Risk at Patelco Credit Union, discusses how mission alignment, model risk management and model performance made Upstart stand out as an AI lending partner. "With all the technology and data available, it seems pretty archaic to use a [credit] score that was developed over 25 years ago with rudimentary mathematical techniques," says Pardo. Check out our latest testimonial to hear how Patelco is acquiring members, lending deeper into the credit spectrum and deploying capital to meet their returns and expected losses with Upstart.

The NCUA has made fair lending a top priority for 2024, so make sure your credit union is prepared to answer their questions in upcoming audits. Trellance’s Dan Price, CPA, CFA sat down with CUBroadcast’s Mike Lawson recently to discuss all things fair lending, including how technology can help credit unions prepare. Check out the interview! ▶ Watch here: https://lnkd.in/eE9iaMk9 #CUbroadcast #fairlending #creditunions #credituniondifference

“Why should my lending institution work with CredEvolv?” Our CEO and co-founder Jeff Walker gets this question all the time from prospective partners. In this reel, he reveals the three biggest reasons. Refer your credit-challenged clients to our platform today! Link in the comments.