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:
CELEBRATE 100 MILLION MEMBERSHIPS updated
07/24/14 03:42 PM
National Awareness Campaign
The credit union movement is on pace to reach 100 million memberships this summer. To commemorate this milestone, the Credit Union National Association (CUNA) launched the “100 Million Memberships” campaign, and invites all credit unions to participate.
ECONOMY 'WELL POSITIONED AND READY' updated
07/23/14 02:06 PM
CUs Can Target Growth Areas
As the economy expands throughout the latter half of 2014, credit unions should focus particularly on the largest employment sectors and growth in these areas, according to California and Nevada Credit Union Leagues Chief Economist Dwight Johnston in his latest Credit Union Digest column.
STORY ON CONGRESSMAN ISSA CLARIFIED updated
07/22/14 11:53 AM
'Misrepresents Facts,' Dykstra Says
Some within the credit union industry may have read the recently published Credit Union Times article regarding remarks from Rep. Darrell Issa, R-CA, in relation to the credit union movement.
GIGI HYLAND TALKS PHILOSOPHY AT WCMS updated
07/21/14 04:11 PM
Foundation Leader Addresses Colloquium
The foundational philosophy of credit unions isn’t dead. But keeping true to the movement’s ideology means staying nimble in how it’s executed and harboring an open mind to change.