Adventurer Jamie Clarke, a keynote speaker, talked about reaching the summit of Mount Everest and crossing the Arabian desert. Clarke related the importance of overcoming the fear of rejection as a major factor in the process of reaching your goals. He suggests that everyone face and conquer the internal battle of self-awareness so that they can become a supportive member of any team that faces challenges together.
Six federal agencies published guidance last week designed to ensure all depository institutions are aware of expectations when it comes to deposit reconciliation. CUNA’s compliance explains what it means for credit unions in a recent CompBlog post.
CUNA Chief Policy Officer/Chief Economist Bill Hampel said there is no immediate concern for credit unions regarding a U.S. appeals court decision to throw out a $1.27 billion penalty levied by the U.S. Department of Justice against Bank of America in connection with questionable mortgages sold by the former subprime giant Countrywide.