Credit unions are encouraged to strengthen overdraft agreements to hopefully avoid lawsuits.
Kern Schools FCU and Bethpage FCU, which face class-action suits over overdraft disclosures, countersue for breach of contract.
CUNA, NAFCU call for ease on annual distribution of privacy notices to consumers unless privacy policies have changed.
The CFPB proposes new disclosure requirements but stops short of mandating deposit insurance.
CUNA, NAFCU and other trades also ask for written guidance.
Commission says Facebook, Twitter use OK unless access is restricted or if investors don’t know that’s where they need to turn for news.
Seventy-seven percent of voting members cast ballots to remain a credit union.
Multi-featured lending has been a hot topic since changes to Reg Z’s open-end rules were announced in 2009. The most recent development is the NCUA’s July 2012 letter to federal credit unions, 12-FCU-02, and accompanying supervisory letter to examiners.
Carlos Rodriguez said he did not join the credit union only to oppose the credit union's attempted conversion to a mutual bank charter.
Rules require credit union to email arguments to other members, with some conditions attached.