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Items Tagged with 'legislation'
CUNA: Banks’ Attack On CU Bill Misfires
‘Congress is showing greater interest in capital reform.’
March 12, 2013
Supplemental capital bill for CUs is very balanced.
Getting Through the Gridlock
CUs ‘Plan to Win’ despite hyperpartisanship and intense gridlock.
March 1, 2013
Sadly, it’s hard to overstate the magnitude of Congressional gridlock.
MBL Battle Goes Into Overtime
Bill to expand CUs’ business lending lives while banks’ TAG bill fails.
February 25, 2013
Bill to expand CUs’ business lending lives while banks’ TAG bill falters.
Reps. King, Sherman Introduce Supplemental Capital Bill
Legislation would improve CUs’ safety and soundness.
February 14, 2013
Bill provides recognition that ‘capital is king’ at financial institutions.
Royce Reintroduces CU MBL Bill
Bipartisan bill would help CUs lend an additional $13 billion to small businesses.
February 14, 2013
Last year, MBL legislation had strong bipartisan support with 144 co-sponsors in the House and 21 in the Senate.
CUNA Seeks Support for CU Charter Enhancement
Forthcoming legislation targets member business lending, supplemental capital.
February 5, 2013
CUNA reports bipartisan support from Senate Banking Committee members.
Compliance: The Consumer Is King
Expect more scrutiny on fair lending and other consumer-focused issues.
March 11, 2012
CUs can expect to face three major regulatory compliance issues this year: safety and soundness, fair lending, and Unfair Deceptive Abusive Acts and Practices.
The opposite of progress is Congress.
March 1, 2012
Political science professors have been known to tell this joke to their first-year students. Recently, Congress has done an excellent job of living up to the spirit of that joke.
Pay Attention to New Golden Parachute Rules
Review compensation plans and D&O protection.
February 5, 2012
NCUA issued new rules in June 2011 regarding golden parachute payments for troubled CUs.
Where We’ve Been, Where We’re Going
Moderating the interchange rule is among CUNA’s 2011 accomplishments.
January 1, 2012
What did CUNA accomplish last year, and where are we going in 2012?
More Articles Tagged with 'legislation'
Credit Union Magazine
September 2014 digital edition
Membership Growth Strategies
Attention CU Bean Counters: Employee Happiness Adds Up
Money Machine Grabs Shoppers' Attention
Four ‘Must Haves’ for Mobile Pay Technology
When Lightning Strikes
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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