Troubled Chetco Had ‘No Way Out,’ Rogue CEO Gene Pelham Says

Rogue Credit Union CEO Gene Pelham told the Curry Coastal Pilot this week that Chetco Federal Credit Union had “no way out” of the downward spiral that led to its failure in 2012 and that Rogue “fought really hard” to acquire Chetco’s assets.

Additional Mortgage-Rule Amendments Expected Soon

The Consumer Financial Protection Bureau is expected to amend its mortgage rules in response to lender concerns. Lenders are expected to support the changes but may have concerns about meeting the implementation deadlines.