Bill BrooksMonsters under the bed, hobgoblins and other things that go bump in the night bring fear into the minds of regulators. 

None should ever be the reason for regulatory overreach. Regulations are necessary to control the flow of critical activities, but not impede them. Perceived potential problems or problems that regulations cannot resolve are poor excuses for regulatory activity. Historic or fact based controllable problems are legitimate reasons to promulgate well developed regulations. Uncertainty of the present time makes reflection that much more important.  

I had a discussion with a new client about interest rates.  He was heavily invested in bond funds. He must have been listening to some talking head on TV or reading the NCUA chief economist’s interest rate predictions. He had not yet achieved his 6th decade and had limited understanding of the cautionary tale that I gave him about interest rates in the late 70s and early 80s. He stated he and his wife were in grad school working on their PhDs, so they did not really experience the economic impact of interest rate fluctuations of the late 70s and early 80s. I really started to feel real old as my memory of being excited about scoring a 13.5% mortgage on my home purchase was brought back.   

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.