Credit unions making small dollar, shorter term ‘payday’-type loans will want to take a look at the Consumer Financial Protection Bureau’s proposal issued today. Comments are due to the CFPB 9/14/2016.
Consider the following riddle. What do the Department of Defense, J.P. Morgan Chase and the FDIC all have in common? The answer is, most regrettably, that each of these organizations has had a breach of their information technology (IT) systems that compromised individuals’ nonpublic personal information.
CU Counsel is pleased to report that CUES’ latest CU Management Magazine features an important article from Of Counsel Steve Eisenberg!! Check it out: http://www.cues.org/article/view/id/On-compliance-better-regulator-discussions
It is all too easy on any given day to pile on to the criticism of NCUA. That is not a practice that CU Counsel, PLLC attorneys want to adopt. NCUA Board members are conscientious and have the best interests of credit unions at heart.