CUNA Mutual, the NCUA and trades respond to the CFPB's announcement it will review checking account screening procedures.
The CFPB will review how credit unions use reporting agencies to screen members when they open a checking account.
Municipal Credit Union Chairman Mark Brantley and Consultant Marvin Umholtz provide point and counterpoint on Dodd-Frank mandated diversity initiatives.
Bankers pay for analysis from consultant Marvin Umholtz; NWCUA fires back.
Former credit union lobbyist Marvin Umholtz said the industry shouldn’t fear a new banker super PAC, saying the Friends of Traditional Banking PAC, will function “more like a scalpel than a battle axe.”
Former lobbyist Marvin Umholtz said credit unions shouldn’t fear the new Friends of Traditional Banking PAC, saying it will function “more like a scalpel than a battle axe.”
Ask Michael Bittle, CEO of the Vanderbilt University Credit Union, where his $25 million Nashville, Tenn.-based institution would be without its corporate credit union and he softly chuckles.
The NCUA will likely have much to consider as it reads through more than 280 comment letters that came in on the agency’s proposal to amend the CUSO rule.
For some credit unions, finding ways to create alternative capital can be a daunting and ongoing strategic maneuver.
In recent months several notable credit union industry conference speakers have suggested that a credit union's board of directors should be as diverse as the membership-delivering a backhanded criticism of currently seated boards of directors.