Patchwork of pot laws compounds credit union headaches
Credit unions are poised to go green in 2019 – and they don’t mean championing the environment. Marijuana will be legal in more than half of the states next year. In some states the drug [...]
Posts Tagged ‘laws’
Generating profit & revenue in emerging cash intensive businesses (Part 3)
This is the third in a series of articles covering the generation of non-interest income in cash intensive businesses with an emphasis on Marijuana Related Businesses (MRB’s). The first article discussed evaluating if entering [...]
New changes to lending solutions for the underserved markets
Help has arrived. The Helping Expand Lending Practices in Rural Communities (HELP Act), which broadened the category of rural small creditors that may be eligible for certain provisions under the Truth in Lending Act takes [...]
The mind of the ‘member’ on the board
For many credit unions, autumn brings offsite planning sessions designed to dream, design, and determine strategic plans for a given credit union’s future over the next several years. Strategic planning sessions are also a [...]
Is a new federal rule stopping mortgages?
A new set of strongly pro-consumer mortgage regulations went into effect October 3rd and the immediate result was that loan applications instantly dried up. Figures from the Mortgage Bankers Association show that for the week [...]
GAO report finds IRS could bolster enforcement of multimillion dollar IRAs
The U.S. Government Accountability Office (GAO) has provided Congress with a report on IRA balances that shows that a small number of taxpayers have accumulated very large IRA balances. The GAO’s report found [...]
Absolute honesty
Six laws to promote a corporate culture of integrity. by: Kelly Schmidt Truer words have never been spoken… “Raise your hand if you have taught your children not to lie,” Larry Johnson asked the audience [...]
Once again, NCUA fails to disclose enforcement order
by: Keith Leggett During the closed National Credit Union Administration (NCUA) Board meeting on October 23, the NCUA Board considered an administrative enforcement action under Section 206 of the Federal Credit Union Act. The agency [...]