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Articles Tagged with 'interchange'

Legislation May Lead to Higher Fees

February 27, 2011
CUs will not only need to cover the loss of fee income, but also the increased costs of complying with the regulations. READ MORE

CU Advocacy: Four Issues Take Center Stage

March 08, 2011
Industry leaders face many challenges. It’s time to make your voices heard! READ MORE

A Full Slate of Issues

March 14, 2011
CUs have emerged from some very challenging years, and the upcoming year in Congress will be as challenging as any. READ MORE

Perlmutter: ‘Your Words will carry a lot of weight’

March 02, 2011
The Durbin debit interchange amendment added by the Senate was handled was “unreasonable, unworkable, and unfair.” READ MORE

Stivers: 'We need to hold government agencies accountable'

March 02, 2011
Jobs and interchange top the legislator's agenda. READ MORE

Hill Visits Cover Key CU issues

March 03, 2011
State delegations realize their Hill visits can leave lasting impressions with lawmakers. READ MORE

CUs Could Face $1.5 Billion Interchange Hit

March 21, 2011
At issue is Section 1075 of the Dodd-Frank Act, the Interchange Amendment, which lacks any enforcement mechanism to protect small issuers such as CUs. READ MORE

Cooking Up Success at GAC

April 11, 2011
CUs work best when they work together—unified toward common goals READ MORE

CUNA to Hold Interchange Conference Call

April 11, 2011
CUNA CEO Bill Cheney will address interchange issues April 13. READ MORE

Net Income Will Gain Momentum

June 02, 2011
You might be surprised by CUNA’s economic forecasts for 2011 and 2012. READ MORE
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Credit Union Magazine

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May 2013

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Recent Discussion

In remembering Warren, the first thing I think of was his smile. He was a gentle, caring man who always thought of others first. I was honored to be a part of the MiOpportinidad project with Affinity Credit Union, Warren and Miriam. His hard work and dedication to that project was inspirational. Warren so deserves this award.

The author really understands the credit union philosophy and I really enjoyed the analogy of his bathroom remodel. The only thing missing was pictures of the finished bathroom! :)

Thank you Phillip for showing the differences between a Big Bank that is only looking to sell you products and a Credit Union that actually looks out for its members needs. Great article!

I love and give a standing ovation to Ron Kase and to other caring people just as much as those who passed away on 2012 like Warren Morrow at Des Moines Iowa. He worked hard for those who are under-served an under-represented, but wasn't mentioned in your magazine. It may be beneficial for the entire world to know about his accomplishments no for his benefit, obviously, but to increase the number of positive and caring people and to add members the CU. Just ask Coopera Consulting at Des Moines Iowa about Warren Morrow's legacy.

That’s right Lisa. The servicing rule would not require a credit union to create its own policies and procedures if all aspects of the servicing are delegated to a sub-servicer. However, remember that the credit union will have to conduct due diligence on the sub-servicer to make sure it is following the minimum requirements for policies and procedures. Unfortunately, even those credit unions that use a third party servicer will need to have a working knowledge of the CFPB’s servicing rule.

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