The $5.6 billion Bethpage Federal Credit Union in Bethpage, N.Y., named Lynda Nicolino to the newly created position of corporate general counsel where her focus will be on government relations. Nicolino was general counsel and secretary of the Long Island Power Authority where she had worked for the past 15...
Read about the latest new hires, promotions, retirements and other career milestones in the credit union industry.
In bid for transparency, bureau says it will open credit union council and others, "the same way most other agencies allow."
Financial Services chair points out CFPB's promises to be more transparent in call for advisory councils to be open to the public.
Fifteen-member CU advisory group meets quarterly to discuss CFPB regulatory issues.
In Senate hearing Tuesday, agency director also defends $95 million cost of CFPB building work.
The Consumer Financial Protection Bureau should increase transparency in a number of ways, according to a new report released Sept. 24 by the Bipartisan Policy Center.
Bipartisan Policy Center criticizes CFPB for lack of public access to meetings and hearings, including Credit Union Advisory Council meetings.
If the three largest state-chartered credit unions in California were to convert to federal charters, the state’s regulator would lose $1.7 million of its $7.2 million budget, leaving small and midsize state-chartered credit unions to subsidize that loss.
This preview from our Sept. 4 print edition looks at a new state law that should lower disproportionate fees for the largest credit unions in the state.