Legal Briefs

Your update on the regulatory landscape.

Compliance Question of the Week

Can a credit union require a borrower, who has a less than stellar credit history, to triple the amount of money that goes into the escrow account?

CUNA Concerned by NCUA Interchange Letter to Fed

At the urging of Senator Durbin, NCUA surveyed “direct costs and income” related to credit union debit card transactions, but the agency did not take into account labor, equipment, and other costs.

WCUF Now Accepting Cycle 1 Scholarship Applications

The Washington Credit Union Foundation is now accepting Cycle 1 applications for all events occurring from April 1 through December 31, 2011.