THE CFPB: A BIGGER PICTURE
updated 04/09/13 09:40 AM
CU Digest Gives Broad Perspective
"We're trying to walk the walk, not just talk the talk," Richard Cordray said. The acute tone in his voice during a February webinar with credit union executives uncovered a resolute yet delicate side as the Consumer Financial Protection Bureau (CFPB) director answered a score of questions coming his way.
Financial fraud, payday lending, overdraft rules, the bureau’s examination strategy, mortgage servicing, international remittances, auto loans—the inquiries didn’t stop there, and they seemed to cover the gamut of what any credit union CEO across America might’ve been contemplating at the time.
“The traditional credit union lending model is a responsible model, and it deserves to be treated differently under our rules than other types of lending,” Cordray added. His limited response may have sufficed the curiosity of some, while only whetting the appetite of others.
Also included in this edition of CU Digest:
2014: CU LENDING SECTORS IN FOCUS updated
03/11/14 09:53 AM
HELOCs, Credit Cards, Personal Loans
Which loan sectors should credit unions focus on as the economy prepares for employment and wage growth in 2014?
CO-OP AND ALKAMI FORM PARTNERSHIP updated
03/08/14 08:42 AM
Integrated Online and Banking Solution
CO-OP Financial Services and Alkami Technology, Inc. are banding together on a bundle solution that includes CO-OP Bill Pay and the Alkami ORB Platform. This enables credit unions to offer members a fully-integrated online and mobile banking bill payment solution.
CUs ENGAGE LAWMAKERS ON CAPITOL HILL updated
03/07/14 12:29 PM
New Legislators Show Support
As Congress considers tax reform, data security, regulatory relief, and other vital credit union issues, this year’s 2014 Governmental Affairs Conference (GAC) in Washington D.C. was a pivotal event for credit union executives and board members who advocated face to face with legislators on behalf of their members and the movement.