Can we have too little inflation?
by: Henry Meier Yes we can and it’s the most important metric that the Fed will look at as it moves closer to a likely decision to start raising short-term interest rates by the [...]
Posts Tagged ‘CUANY’
What credit unions can learn from Santa Claus
by: Henry Meier In any business, there’s always going to be a tension between catering to the commercialism of the moment and remaining true to the core values that made your institution great in [...]
Dysfunctional Congress throws credit unions a bone
by: Henry Meier It is with gritted teeth that I congratulate Congress this morning for passing legislation (HR 3468) providing Share Insurance Coverage to credit unions holding Interest on Lawyer Trust Accounts (IOLTA). Passage of [...]
To change regulations we need to change the regulatory process
The Regulatory Process Is Broken While every business in America has a hit list of specific regulations they want reformed, a larger and more consequential issue is the need to reform the regulatory process itself. [...]
Helping credit unions keep up with the times
Credit unions feel some of the same pressures as banks, from keeping pace with technology, to the future of branches as more transactions migrate online. Laurie Baker sees credit unions of all sizes dealing with [...]
Supreme Court to rule on stripping
by: Henry Meier Good morning, if this headline got your attention, get your mind out of the gutter. Think in bankruptcy parlance. A “strip off” occurs when a court cancels a lien that is wholly [...]
On flood victims and profits
by: Henry Meier Hurricane Sandy slammed into New York’s coastline on October 29, 2012 and despite the billions of dollars being spent on reconstruction there are still homeowners, some of whom undoubtedly have credit [...]
The day after
by: Henry Meier The biggest news from last night’s elections for New York credit unions isn’t the Republican takeover of the U.S. Senate. Rather, it is the fact that Senate Republicans appear [...]
Are you asking questions about cyber security?
by: Henry Meier The Federal Financial Institutions Examination Council (FFIEC), which reflects the combined wisdom of all the financial regulators including the NCUA, released a “statement” yesterday in which it strongly recommended that financial institutions [...]
Getting real about financial education
Financial education is a lot like the weather: everyone talks about it, but no one does anything about it. I certainly don’t think that financial literacy is the panacea for our nation’s financial [...]
Three questions to jumpstart a useful RBC debate
To paraphrase the immortal words of Buffalo Springfield, when it comes to NCUA’s Risk Based Capital Proposal, nobody’s right if everybody’s wrong. In proposing a more sophisticated Risk-Based-Capital framework for credit unions [...]
Where do credit unions stand on the inequality debate?
One of the things that most frustrates me about the credit union industry is that it does a great job of explaining what credit unions are - not-for-profit member owned cooperatives -- but a lousy [...]
Does your credit union have a strategy or a plan?
Virtually every board and credit union executive has engaged in strategic planning, but is this planning of any value beyond helping to demonstrate to regulators that you all take your job seriously? In a nutshell, [...]
My 12 gifts to the credit union industry
It’s been a wild year, and there is undoubtedly more to come. Just imagine: If Amazon has its way, the Christmas Eve sky will be filled with drones handing off presents to husbands everywhere [...]
When it comes to regulation when is enough, enough?
My new favorite metaphor comes from Michael Mandel of the Progressive Policy Institute who, in a 2010 blog, argued that regulations impact innovation the way pebbles impact a stream. “ No single regulation or regulatory activity [...]