Uncertainty Plagues Washington as Election Looms
The 2016 general election is still more than two months away, but analysts are already speculating on how the compliance landscape might be impacted should Hilary Clinton or Donald Trump take the White House.   more »
The National Credit Union Administration has issued prohibition notices for five individuals convicted of various crimes and restricting them from participating with any federally insured financial institution. more »
This week looks to be light on the compliance front for credit unions, although reflection on new statements from the Federal Reserve and close eyes on election season hitting the homestretch are on the agenda. more »
Hillary Clinton's proposal for regulatory relief for smaller banks and CUs largely tracks with ideas already discussed, but her backing could keep alive the momentum for a reg relief plan should she win in November. more »
The Credit Union League of Connecticut (CULCT) and CATIC have partnered to provide professional title services to the state's credit unions and their policy-issuing attorneys. more »
Until recently, credit unions rarely used arbitration clauses, and were praised by consumer advocates for pro-customer practices. But credit unions have learned to embrace the use of arbitration clauses – and now oppose the Consumer Protection Bureau’s plan to rein them in. more »
Credit union insiders cheer Democratic presidential nominee’s plan outlining how reg relief will benefit credit unions and small businesses alike. more »
Democratic presidential nominee Hillary Clinton again pledged Tuesday to grant relief to small banks and credit unions if elected president, making her most high-profile commitment to the idea yet — but analysts were skeptical of her ability to get it across the finish line. more »
The National Credit Union Administration is warning CUs about a phishing scam that targets consumers with communications that claim to come directly from the regulator. more »
Democratic presidential nominee Hillary Clinton renewed her pledge Tuesday to cut regulations for community banks and credit unions while also signaling plans to embrace the burgeoning fintech sector. more »
De novo charters hit a slowdown with 57% of newly chartered credit unions since 1990 currently described as inactive. more »
One week after the Federal Reserve Board launched a Facebook page, social media experts are faulting its approach as high-handed and tone-deaf, raising questions about what the central bank was trying to accomplish and about its commitment to social media. more »
Monday marks the end of the comment period for the heavily debated arbitration agreement proposal from the Consumer Financial Protection Bureau, and both CU trade associations are urging the agency to utilize its ability to exempt credit unions. more »
Great Service Isn't Just A Myth
Neighbors CU highlights its commitment to service by showcasing a rather unusual member in this promotional spot.