(please click ad for more information)

Current News

Relevant Information—For You, By You

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.

Click here to read the entire cover story within the April/May 2013 edition of Credit Union Digest on Pages 12-15!

Also included in this edition of CU Digest:

  • Elko FCU in Leader 2 Leader—Page 5
  • Innovation: A New Path for Compliance—Pages 6-7
  • GAC: CUs Impress Lawmakers on Hill—Page 8
  • Housing: Just Right, or Too Hot?—Page 16
  • Indemnification Clauses Are Important—Page 19

 
print   email   share   share   share

EXPERTS GIVE ADVICE TO CREDIT UNIONS updated 09/18/14 11:26 AM
Your Problem: Solved
Risk-based pricing (compliance), creating an operational plan (strategic planning), and making a solid value proposition (marketing) are all highlighted within the latest “Problem? Solved!” column in Credit Union Digest.

GOV. BROWN SIGNS AB 2293 INTO LAW updated 09/18/14 05:06 PM
Relieves CUs of Collateral Burden
California Gov. Jerry Brown signed legislation today mandating baseline insurance requirements for Transportation Network Companies (TNCs)—a move that will help credit unions burdened by a significant reduction in collateral value when accidents occur to these companies’ drivers.

SEPTEMBER: NAT'L PREPAREDNESS MONTH updated 09/17/14 09:13 AM
CO-OP Reminds CUs to Be Ready
The magnitude 6.1 earthquake that struck Napa, CA on Aug. 24 serves as a reminder for vigilant disaster preparedness, as members depend on their credit unions more than ever in times of emergency.

ARTICLES CALL ON LAWMAKERS TO ACT updated 09/15/14 02:07 PM
Data Breaches in Focus
Various opinion articles defending the credit union movement’s stance on data breaches were published in five regional and community newspapers across California and Nevada within the past week as the latest data theft incident at national retailer Home Depot continues to be critiqued in the media spotlight.