This and That...
Posted by Anthony Demangone
Here are a few items that I wanted to share.
- NAFCU's senior management team and board of directors just visited the Federal Reserve. Â For our annual visit, we always prepare our "Fed Report," which you can download here. Â For those who write articles, board reports, or other industry-related items, the report provides a nice overview of the credit union industry.Â
- Here's an interesting piece (Governance and Strategic Planning Blog) on the Audit/Supervisory Committee's possible role concerning credit union policies.Â
- The FTC has released these gift card buying tips. If your credit union has a blog, Twitter feed or Facebook page, this might be something nice to share.
- Now that most credit card issuers must submit their agreements to Fed, we can expect more articles and blog postings like this one from Felix Salmon. Â The article links to two lists - the 10 most difficult to read credit card agreements, and the 10 wordiest credit card agreements. Â Credit unions are on both lists. I'd check to see if your shop is on either list.Â
- In the midst of the current recession, it seems that financial illiteracy/indifference may beÂ increasing. (Walletpop.com)Â Â I'm all for financial literacy, but sometimes I wonder how useful all the efforts are to force financial literacy down the throats of consumers. Â It seems to me that when someone is interested in their finances, there's more than enough information available to answer their questions.
- It seems the GOP will hold the CFPB's feet to the fire. (WSJ.com) Â As much as they can, anyway.Â
- NCUA recently issued the latest batch of its Prohibition orders. Â If anyone out there thinks insider fraud isn't a problem, they should take a look at these orders. Â One involves an order for restitution for more than $2 million. Â