Links in “Credit Unions”
- CU Focuses on Employee Financial Wellness
Shawn Gilfedder, president and CEO of McGraw-Hill FCU, doesn't just focus on members' financial wellness, but also on his employees' financial wellness. He says, "Informed employees are better able to plan and manage their own finances, as well as use what they have experienced and learned to guide members...for their financial wellness." [3/31]
- Save the Date: Housing Finance Reform April 29
The Senate Banking Committee announced that the official date for the panel vote on the reformation of the housing finance system will take place April 29. [3/31]
- CFPB Presents Case for More Regulation and Authority Against Payday Lending
In field hearings, the CFPB rolls out a series of findings from a yearlong study of payday borrowers suggesting that more regulations and enforcement authority are needed. [3/31]
- RIP Fannie Mae and Freddie Mac?
Rep. Maxine Waters (D-Calif.) proposed a bill for housing finance reform which she calls the "Housing Opportunities Move the Economy (HOME) Forward Act of 2014." Among many other implementations, this legislation would establish a Mortgage Securities Cooperative that would replace Fannie Mae and Freddie  Mac. [3/28]
- Face Time with NY Lawmakers
Face time the old-fashioned way with New York State legislators at the Credit Union Association of New York's State Governmental Affairs Conference (Albany, April 28-30). This exciting opportunity will allow credit union officials to visit with their representatives. [3/28]
- Reg. E: Can a CU Require a Member to Obtain a Police Report for Fraudulent Activity?
No. The credit union can request a police report, but cannot require it. That was one of "5 great points" from NAFCU's recent compliance school. Read the other four here. [3/28]
- Credit Union Exam Dissatisfaction Rising
According to a survey conducted by the CUNA, 58% of credit union CEOS were satisfied with their exams and 27% were dissatisfied. This represents a decline in the satisfaction ratings from 2012 (61% satisfied and 25% dissatisfied). [3/27]
- Data Security: Don’t Overlook Hash Attacks
There is a type of attack hackers can use to access confidential information without cracking passwordsâthe hash attack. Although hard to do, it's not impossible and the concern is that "it stems from a problem inherent with the design of the system." [3/27]
- Lightening the Regulatory Load
The World Council of Credit Unions recently reminded the Financial Action Task Force of their opportunity to reduce the regulatory burden on credit unions in upcoming policy revisions. [3/27]
- On Pirates and the Quest for Record Retention Gold
While record retention goldâa hard and fast list of specific record retention requirements for each document, paper or electronicâdoes not exist, here's some guidance on the next best thing. [3/27]
