Fallout from the economic crisis increases the need for alternative capital. Even well-capitalized CUs are limiting growth due to fear of capital constraints. But to use alternative capital, CUs would have to demonstrate management savvy and discipline.
A new Federal Trade Commission report concludes that the system for resolving consumer debt collection disputes is broken,
and recommends significant litigation and arbitration reforms to improve efficiency and fairness to consumers.
The Consumer Financial Protection Bureau expects all entities obtaining consumer authorizations for pre-authorized electronic fund transfers to comply with the Electronic Fund Transfer Act and Regulation E, it reminded in a compliance bulletin issued this week.