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Articles Tagged with 'cfpb'
The Lending World According to CFPB: Mortgages
July 16, 2014
'CUs spent the past six months adjusting to the CFPB’s new mortgage rules, and they’re not done, yet.'
Livestream CFPB Advisory Meetings
July 14, 2014
Agency acknowledges CUNA's request for greater transparency by providing a video feed of its sessions.
Agency Expands HMDA Requirements
May 03, 2014
CFPB expands HMDA to help spot discriminatory or other negative mortgage lending trends.
Prepaid Card Disclosures Coming Soon
May 01, 2014
The agency seeks feedback from the public on the possible model disclosures online, and via email, Twitter, and/or Facebook.
CFPB Promotes Fair Transactions
March 25, 2014
Most consumer complaints concern debt-collection practices.
Consumer Booklets on Mortgage Lending Rules Available
March 01, 2014
The CFPB updated three publications in January to reflect the agency’s new mortgage lending rule.
What to Expect from the Consumer Financial Protection Bureau this Year
March 01, 2014
Based on the agency’s semiannual rulemaking agenda, here's a snapshot of what to expect in months ahead.
Fear Your Members
February 05, 2014
Assess the risk of litigation in your business decisions and compliance efforts.
Visit CUNA's Mortgage Rules Resource Page
January 14, 2014
CUNA's Compliance Team consolidates resources related to CFPB's 2013 mortgage rules on one Web page.
CFPB Considers Debt Collection Rules
January 07, 2014
CFPB is seeking information from the public on many issues.
Credit Union Magazine
September 2014 digital edition
Guide Members to Financial Health
Defining the Social Media ROI Debate
You Can't Freeze Out CU Folks From a Good Fundraiser
Transforming the Branch Manager
Driven to Serve
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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