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.
CUNA continues to have grave concerns with the Federal Accounting Standards Board credit impairment proposal, concerns it expressed in a letter to National Credit Union Administration Chair Debbie Matz Tuesday.