Our take on the latest trending events:

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Even during times of great economic stress stemming from the coronavirus pandemic, credit unions will remain strong. Consumers should feel reassured knowing their credit unions are keeping client assets secure.
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Digital banking is coming, and banks and credit unions need to develop digital platforms and digital offerings, or they will be left behind.
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Fintechs are big competition for traditional banks, particularly when it comes to digital payment platforms. According to a recent poll, payments outweigh lending by a ratio of 2:1 as a perceived fintech competitor to banking.
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Many banks have acquired fintechs, but it seems the reverse may also be the truth as fintechs are increasingly buying banks. The trend will help fintechs expand and grow much faster and solidify themselves in the financial industry.
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Warren Buffett's recent stock realignments may suggest an economic downturn is on the horizon and makes suggestions about which stocks may do well in the near future and which ones might not.
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The ongoing spread of the coronavirus has already dampened worldwide growth, and it could get worse. Given the uncertainty that lies ahead, now's the time to recession-proof your loan portfolio.
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