The CFPB and a PenFed lawsuit were at the center of CU Times reader conversations online this past week. Here's what they had to say.
"Former Employee Sues PenFed Credit Union for $5 million," Jan. 20
As another former employee, I can see this being true. I left due to age discrimination.
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SC
If any of this can be proven, PenFed will pay.
WVF
[I] agree, some former employees could vouch for this as well.
SC
"Free College Tuition Plans Sprout in States as Feds Could Cut Aid," Jan. 20
I was a lender representative for a student lending company before the direct lending program replaced the FFELP program. The incorrect fact in this article is that federal loan rates will actually be lowered as there will be competition between the financial institutions. When the direct loan program went into effect the rates actually went up. Private lenders discount the repayments to attract borrowers and parents.
Michael Grover
"Keep Politics Out of CFPB: Cordray," Jan. 25
This would be funny if I thought he wasn't serious. Has he looked at the CFPB blog at any point in its history? It is completely ideological and political in nature.
Greg
They can't be serious! The CFPB exists solely as a political entity. It is a consolation prize to placate us for our government's unwillingness to hold Wall Street banks accountable for the 2008 collapse. They go after all these "non-bank" entities to show us they're doing something. They've done nothing but pull the wool over our eyes.
ShowandWin
"Power to the Introverts," Jan. 26
As an introvert who's had to be an extrovert in order to be successful in the corporate world, I agree with the points you made. And also with the points you made regarding the open-office trend. During my 30-year career in the banking industry, I prefer and have been much more successful when working in small groups or one-on-one. And regarding the dread of public speaking, I'm fond of saying, "Presentations may be fun, but one-on-one is where the work gets done." We do live in a country (other cultures are different) where non-stop talking and a high energy atmosphere is seen as a positive and something to extoll. One only has to watch ABC's "Good Morning America" to see that. As a native New Englander, I know this hasn't always been the case, as loud and excitable people were to be avoided and discouraged as vexatious to the spirit, and not extolled and emulated. TV has changed all that.
Tim Minasian
Workforce Management Analyst
St. Mary's Bank
Manchester, N.H.
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