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Articles Tagged with 'compliance'
No More Summer Slowdown in D.C.
October 01, 2013
CUNA will remain in the thick of any interchange developments, supporting credit union interests.
Compliance Q&A: Record Keeping Requirements for Prescreened Credit Offers
September 01, 2013
Anyone who makes a prescreened credit offer must maintain specific records for three years, per the Fair Credit Reporting Act.
CFPB’s Exam Procedures Are Valuable Tools
August 18, 2013
Review them to survive the tidal wave of new regulations and bolster your compliance efforts.
What’s on the CFPB’s Agenda?
August 05, 2013
Agency moves full speed ahead on additional regulatory rulemaking.
Find Mortgage Rule Resources Online
August 01, 2013
The CFPB created a one-stop shop for all its 2013 mortgage rules and guidance materials.
Get Your 2013 Mortgage Lending Almanac
July 22, 2013
New rules will recast mortgage lending from application to servicing.
Guard Against Social Media's Liability Risks
July 09, 2013
A recent survey indicated that 62% of U.S. financial institutions were not using social media because they worry about compliance violations.
Brace Yourself: CFPB's Lending-Related Changes in Full Swing
July 07, 2013
The CFPB has fundamentally changed credit unions' daily operations, CUNA Mutual Group's Lauren Capatini says.
More Members, Regs, and a Future Focus
July 01, 2013
CUs are the model of the future.
Get Comfortable with Constantly Changing Regulations
June 18, 2013
Like death and taxes, the growing volume of complex regulations is inevitable.
Credit Union Magazine
October 2014 digital edition
Apple Pay Will ‘Chew Into’ Interchange Revenue
CUNA Tech/OpSS Conference Concludes
Sievewright: Buckle In for a Transformative Decade
Illuminate the Frequency of Fraud
Of Ants and Grasshoppers
While I thought that the premise of the article was good, I found one point very disturbing. It is that the Visions FCU ages people off their board at age 70. I found that really offensive. It perpetuates what I believe to be the regrettable marginalization of elders in our society, and the often erroneous assumption of debility and decline after a certain chronological age. Lots of folks over 70 are leading dynamic and viable professional lives and contributing to our society. How about Warren Buffet, a number of Supreme Court Justices, Jimmy Carter, the late Nelson Mandela and the late Maya Angelou, to name but a few, along with scads of writers, academics, performers, artists, and often our friends, neighbors and colleagues. If Visions wants new people on their board, it seems as though the term limitations and a nominating committee can accomplish that without aging all people off at age 70. I think that’s so insulting. And if those were paid employment, it would be illegal. I do wish you’d have picked a different credit union to profile---one that perhaps does many of the same things, without the arbitrary age exclusion. There have to be others out there.
David, good point about the "recovering comfortably" comment. That was an editorial addition--which I'll remove.
Many good points but too rosy? Will the "Federal Reserve raise short-term interest rates 1% per year for the next three years, starting in 2015—“probably next year at this time” ? I have heard from other economist that the US government will go bankrupt if that happens due to the QE the fed has done for several years. Also it seems an exaggeration to say “We survived a heart attack,now the economy is recovering comfortably." Comfortably recovering is too ignore the economic stress that many members still live with daily that will eventually affect many credit unions.
Karan, Great article and insight. I would also recommend that you start getting those credit cards into the hands of the youth BEFORE they are in college. One of the best ways to reach this young generation is through mom and dad. Before the student goes to college, get them started with a credit card (even if mom and dad are joint on it). It's never too early to start marketing credit cards. Mark
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