NCUA mum on possible litigation
WASHINGTON — Although speakers at NAFCU’s Congressional Caucus pledged their support for credit union member business lending , not one member of Congress said MBL legislation would be passed before the end of this year.
Just how much CCUL donated to failed congressional candidate Pete Aguilar is a matter of debate between the CCUL and Rep. Gary Miller (R-Calif.).
WASHINGTON — GOP lawmaker miffed league gave $250,000 check to his opponent; league says it was $135,000 and it gave him $5,000.
I read with great interest Edward Speed’s Guest Opinion [July 18 issue, page 12]. I appreciate Speed sharing his thoughts about regulators, trade associations, CUSOs and business lending. We need to dialog about the issues we face so that collectively we can make the right decisions.
The Libor price-fixing scandal, in which the London-based bank and financial services company Barclays manipulated Libor submissions to give a healthier picture of the bank’s credit quality in 2007 and 2008, has had little material effect on credit unions, according to industry experts. However, corporates that owned Libor-indexed assets during...
At any credit union, the role of the chief financial officer is a tough one. He or she must create a roadmap to financial success by setting the right pricing strategy, effectively managing credit risk and streamlining operational costs. But in California, where high unemployment, an unsteady housing market and...
California Credit Union League President/CEO Diana Dykstra said she’s upset about a string of lawsuits in her state accusing credit unions of unfair and illegal overdraft practices. And she accused attorneys in the state of “fishing for members.”
New strategies for growth amidst high unemployment, lending losses in the Golden State. Find out more in this preview from next week's print edition.
California League President/CEO Diana Dykstra said attorneys are “fishing for members” to take part in class action lawsuits alleging improper overdraft practices.