Richard S. Garabedian, a Washington attorney who specializes in credit union charter conversions, doesn’t think HarborOne Credit Union’s conversion to a state co-operative bank, approved by its members last Monday, will trigger a wave of credit union charter conversions.
Industry observers point to credit unions buying banks, note that Boston conversion involves unique state charter.
The NCUA has not provided any guidance as to what should or should not be included in a master participation agreement.
One of the most common concerns that all financial institutions, including credit unions, seem to share is how to properly deal with a request for an account titled in the name of a trust.
With fraud and elder abuse on the rise, a credit union attorney advises on how to handle these documents to ensure caution and prudence.
Some credit unions that have loans to sell through loan participations are helping the yield of other credit unions so long as the transaction is properly structured and as many protections are in place as possible.
Fair Debt Collection Practices Act regulations covering collections from estates especially relevant to CUs using third-party collectors.
Two credit union service organizations and three credit unions were among defendants named on June 23 in a patent lawsuit brought by London-based technology vendor Serverside Group.
ADA standards must be met, and credit unions should protect against scammers who remove fee notices and then sue.
It seems as though almost daily a new regulation is published or an existing regulation is modified. What are credit unions to do? What about the concept of ignorance of the law? What about not complying?