It came as no surprise that Donald Trump's first moves as President-elect dominated the news these past few weeks. CU Times readers joined the rest of the nation in speculating what his election and the GOP sweep will mean for the CFPB and more.
“Trump Elected; Favors Repeal of Much of Dodd Frank,” Nov. 9
I despise Trump and truly fear for the future of this country. But, if he can repeal Dodd-Frank and eliminate the CFPB he will have done one good thing.
BillyBobJim
We had the Republican Great Depression, then we had the Republican Great Recession. I think we should name the next one coming in a few years the Donald Recession.
Joe Bambino
“NAFCU, CUNA See No Threat to MBL Rule Under Trump,” Nov. 9
President-elect Trump will be a great friend to the credit union world.
WVF
“Trump's Victory Will Reshape Financial Rules, Supreme Court,” Nov. 9
The election of Donald Trump has been a gift from God for credit unions.
WVF
“Trump's Student Loan Repayment Program,” Nov. 10
Though the plan certainly sounds longitudinal, it is a better approach than what's currently in existence.
WVF
“CFPB, Dodd-Frank Likely Targets for Trump,” Nov. 11
Changing the leadership position of the CFPB to a board, whether five or three, is just plain common sense! And, to provide oversight, especially budgetary, shouldn't be an issue! I have yet to see what the establishment of the CFPB has cost, nor what the annual expenditures have been. Just think of the cost related to compensation, benefits, brick and mortar, utilities, travel, computers … down to pens, pencils and paper has cost … and with no oversight!
Richard T. Webb
“Small CU Sues Tech Giant Fiserv,” Nov. 16
As the former controller for a $450 million community bank, using the Fiserv core data system, my experience taught me that the Fiserv system was reliable, but the expertise of the programmer that modified the original system as we grew determined how efficiently it worked. In other words, the modification could have been performed in a more efficient manner for future growth. As for the system being discussed, I would think that if this were a systemic issue more people would be affected than the two institutions cited. Consequently, I believe the issues described are not systemic, but instead are attributable to the programmer who set up the system.
Cliff Leiker
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