You can regulate the money out of the business, but you cant regulate the personal responsibility out of the consumer. No matter what Washington does to keep credit unions and other lenders from taking advantage of the less well-educated, the desperate and the elderly, ultimately consumers have to take responsibility...
Much fanfare has been made over credit unions member growth resurgence over the past 18 months. Its been wonderful to witness, and with the hard work of the entire credit union community, it can continue in perpetuity.
The NCUAs recent proposal that credit unions pay the federal regulator a fee to oversee the derivatives program has raised complaints among credit unions. NAFCU immediately fired off a statement supporting credit unions entry into derivatives, but blasting the fee as setting bad precedent because the $250 million threshold would...
Last week Credit Union Times, via CUTimes.com, broke the story that former Oregon Senator Rick Metsger was going to the be the White Houses nominee to fill the vacant seat on the NCUA Board, later confirmed by the administration.
