Readers discussed cybersecurity, the CFPB, taxes and the taxi medallion crisis on cutimes.com and Facebook this past month. Check out their latest comments here.
"Taxi Medallion Crisis Could Lead to Loss Reserve Increase: Metsger," Dec. 8
You've known about this for years, yet allowed this behavior to continue. Now, our members will pay the consequences through a possible NCUSIF assessment (or at a minimum, a decrease in the overall refund). This is utterly ridiculous.
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David Murphy
"Data Breaches & the Need for Accountability," Jan. 2
I think the first place our lawmakers can start in protecting our personal information is by getting my Social Security number off of my monthly Medicare statement.
Ron Berry
"Senator Claims Acting CFPB Director Is 'Weakening Agency Functions,'" Jan. 10
Hopefully, Senator Warren is right!
WVF
"IRS Releases Tax Withholding Tables for 2018," Jan. 12
Had Hillary won, our taxes would be going UP. Flooding the country with illegals and "refugees" gets quite expensive.
williampenn
"CUNA, NAFCU Support Bill to Exclude Many Financial Institutions From CFPB Rules," Jan. 16
The CFPB is being neutered anyway. Unabashed power will be stripped before long.
Traci Baker
That is great for credit unions!
James Stock
[It's] bad for consumers, and all financial institutions should be on the same playing field in regard to regulations that protect consumers.
Nichole Hinds
That's silly, [Nichole Hinds]. Maybe you don't understand how credit unions are structured and what motivates them every day. They are owned by their members. They don't need government to tell them how to behave.
Mike Vadala
I do understand how they are structured. I used to work for one. I also worked in banking for over 25 years. It doesn't mean a credit union could not commit fraud or violations against their own members.
Nichole Hinds
Nichole Hinds, regulation doesn't prevent fraud.
Mike Vadala
It certainly deters it …
Nichole Hinds
Credit unions, like banks, do what they do for the good of their owners and shareholders. There's no difference. The thing is, the people who rely on their credit unions and do business there ARE the owners and shareholders. Credit unions don't need the CFPB or CRA or other regulators to do the right thing. These regulations cost the members money. Nothing more. Need I say more?
Mike Vadala
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