Regulators, mount up!
Not to show my age, but like many, I happen to be a child of the 90s. I was reminded of that this past weekend when an “I Love the 90s” group of recording artists [...]
Posts Tagged ‘Regulators’
Waiting to implement an overdraft program could cost you
In today’s highly regulated environment, financial institutions remain focused on any and all regulatory announcements and rulings regarding issues that affect their performance and profitability. For instance, in mid-May the Consumer Financial Protection Bureau ([...]
On Credit Union Compliance: 11 vendor management resources
Managing credit union vendor relationships continues to be complicated for two reasons. One is the increasing complexity of the vendor relationships themselves. Credit unions need to work with a variety of vendors, and sometimes even [...]
When it comes to overdraft solutions, full disclosure is the preferred regulatory strategy
Despite the fact that regulators continue to delay a ruling on overdraft services, consumers continue to need help with managing their finances from time to time and financial institutions are struggling to find reliable sources [...]
Automate your overdraft program & reduce risk
Never before have financial institutions been under the type of scrutiny they are today. Regulations and guidance imposed by the OCC, FDIC and the CFPB have forced institutions to not only monitor their overdraft protection [...]
Presents the credit union industry needs (even if they don’t want them)
There are two kinds of presents: the kind you love to get, like a remote controlled helicopter, and the kind you need, like socks. With the Christmas season officially upon us, here is my list [...]
Credit union leaders continue march on Capitol Hill
Credit union leaders from throughout the country visited Washington, D.C. last week for their Hike-the-Hill visits, during which they received updates on the latest issues from CUNA and brought many of those issues to [...]
Listening leads to results for credit unions
When I first joined the NCUA Board in 2002, I made it my goal to meet with as many credit union officials and volunteers as possible from every state. The credit union community was very [...]
Reforming the financial services revolving door
by: Lisa Gilbert Regulatory capture, revolving door, conflicts of interest — these are just a few of the phrases used to describe a systemic corruption of government caused by the movement of high-level officials back and [...]
Time to bring back financial privacy
The arrest of former U.S. House Speaker Dennis Hastert on charges of violating the Bank Secrecy Act and lying to the FBI about it is the latest example of how financial privacy is an [...]
How to assure examiners your IRR is being managed effectively
Part 1 Effective Interest Rate Risk management models should serve several purposes for credit unions: (1) they should be used by management and boards to assure changes in interest rates will not dramatically harm the [...]
Regulators attend Alabama One board meeting
by: David Morrison Alabama Credit Union Administration Chairman and Administrator Sarah Moore, along with at least two ACUA staff and at least two NCUA staff, met behind closed doors with the board of directors of [...]
Low-income credit unions and secondary capital
The Federal Credit Union Act allows low-income credit unions to count secondary or supplemental capital as part of their net worth. Seventy-five credit unions, excluding Texans CU (Richardson, TX) and A.E.A FCU (Yuma, [...]
When small credit unions take on big BSA responsibilities
by: Henry Meier If you were sitting around the Thanksgiving table struggling to come up with things to be thankful for, then here’s one for you, after the fact: be thankful you are not [...]
Credit union marketers, regulators are watching you
Regulators have today’s credit card advertisements under an intense magnifying glass. As evidence of the increased attention on credit cards, the Consumer Financial Protection Bureau (CFPB) recently issued a bulletin on the marketing of [...]