Clik here to view.
In Washington, The More Things Change, The More They Stay The Same
This morning’s news demonstrates more than ever that Washington has become a real life soap opera with plenty of plot twists but the same old unresolved stories at the end of the week. First, as...
View ArticleClik here to view.
FED Report Underscores Need For MBL Reform
A report released by the Federal Reserve Bank of New York yesterday underscores that MBL reform is more than a proxy for the never ending battle between banks and credit unions: it is also a common...
View ArticleClik here to view.
On Payroll Deductions And Virtual Currencies
Around 3:00 yesterday, I did a double take when I read a summary of proposed regulations by New York’s Department of Labor provided by Bond, Schoeneck and King that would prohibit employers from...
View ArticleClik here to view.
The Real Interest Rate Risk To Credit Unions
I’m feeling a little bit like Nostradamus this morning before Fed Chairman Ben Bernanke gives his semi-annual assessment of the U.S. economy to Congress today. Here’s what Nostradamus has to say. This...
View ArticleClik here to view.
The Fairest Way To Implement Dodd-Frank
Without much fanfare, the OCC announced that it will grant two year exemptions to the nation’s seven largest banks from a Dodd-Frank mandated requirement that large financial institutions “push out”...
View ArticleClik here to view.
End Of The World As We Know It?
In poker, as in life, you can do more harm than good by over-reacting to the worst case scenario. For instance, if you fold every time someone raises, then you’re never going to be in the game for the...
View ArticleClik here to view.
What’s Next For Fannie, Freddie and Credit Unions?
As the pace begins to pick up in Congressional efforts to re-examine the tax code, credit unions are understandably nervous about even the whiff of legislation to do away with their tax exemption. But...
View ArticleClik here to view.
4 Things You REALLY Need To Know To Start Your CU Day
There are some days when finding something to write about is more difficult than finding a Yankee team that’s won the world series in the last 20 years without a steroid abuser, and others when it is...
View ArticleClik here to view.
Legislature Comes Through For Credit Unions
By the time the Legislature ended its session on Friday, the sleep deprived lawmakers and staff had provided a much needed shot in the arm to the New York State credit union movement. Now, it is on to...
View ArticleClik here to view.
Larry Bird For Board President
A great piece of reporting by the Credit Union Times reveals that although the use and amount of board member compensation varies widely in those states in which it is authorized for state chartered...
View ArticleClik here to view.
6 Cliff Hangers That Will Shape Credit Unions This Fall
It’s early August and unfortunately there’s a hint of fall in the air, which has gotten me thinking of all those annoying cliff hangers. Here are the questions, the answer to which will shape the...
View ArticleClik here to view.
Let’s Party Like It’s 2009
The housing debate is finally taking center stage in Washington, but I am afraid that it’s too little, too late. First, the President gave his most important speech on housing reform Tuesday and...
View ArticleClik here to view.
I’ve Seen The Enemy And It Is Us
Yesterday, a vote by the Senate to temporarily fund the government beyond October 1 was delayed by Republican Senator Mike Lee (Utah), a leading opponent of the health care law. This maneuver followed...
View ArticleClik here to view.
Gov. Vetoes Prize-Linked Savings Bill
On Friday evening, the Cuomo Administration announced that it was vetoing legislation supported by the Association and others that would have permitted credit unions to offer prizes to individuals who...
View ArticleClik here to view.
And The Band Played On
Well, it’s official. In the political equivalent of holding your breath until you get your way, so-called House Conservatives are so convinced that Obamacare should not exist that they really feel...
View ArticleClik here to view.
Surcharge Away! Judge Invalidates Surcharge Ban.
I have two thoughts this morning. First, however much the merchants are paying their lawyers, it’s worth it, and my General Tsao’s Chicken just got more expensive. On Friday, a federal district court...
View ArticleClik here to view.
What A Yellen Chairmanship Means For Credit Unions
It is being widely reported today that President Obama will nominate Fed Vice Chairman Janet Yellen to be the first Chairwoman of the Federal Reserve replacing Ben Bernanke, whose term ends on January...
View ArticleClik here to view.
Could Deficit Talks Ensnare Credit Unions?
The good news this morning is that there has been a notable shift in tone in the debt ceiling, government shutdown debate with Republicans talking more about the need to reign in government spending...
View ArticleClik here to view.
4 Things To Ponder On Election Day
1) News flash. . .interest rate gyrations affect the residential housing market. The recently released Survey of Senior Bank Loan Officers confirms what common sense would tell you. The 100 basis...
View ArticleClik here to view.
5 Things You Really Need To Know For The Weeks And Months Ahead
You can tell we’re on the brink of the holiday season. Our regulators and policy makers are rushing to get stuff out the door before things slow to a snail’s pace. Here are the major things in...
View Article
