Given the current challenges that financial institutions are facing, free checking has been proclaimed a soon-to-be thing of the past. Many banks and some credit unions have already moved away from free checking, but many credit unions are wrestling with the idea. Here are a few of the arguments we’ve heard against charging for checking […]
Six days before the deadline to raise the national debt limit, 30 of 53 economists surveyed by Reuters news service believed the United States will lose its AAA debt rating in the near future. Some would argue that kind of action is overdue with the national debt standing at about $14.5 trillion and growing. However, […]
The following is an excerpt from our response to NCUA’s proposed regulation on IRR. While the excerpt focuses on a potential issue with the proposed regulation, it also highlights a concern we have with the way certain policy limits are written that don’t look at the actual risk of an institution. Appropriate Policy Limits Another […]
/images/White-Logo.png00Charlene Leland/images/White-Logo.pngCharlene Leland2011-07-28 10:37:332021-01-25 15:33:04Policy Limits And The Proposed Regulation For IRR
In a recent issue of the Wall Street Journal, Lewis Ranieri—once known as the father of mortgage finance—said it is time for nontraditional lenders to enter the market, bringing with them a return to subprime lending. Ranieri said “the pendulum has swung too far in the other direction,” meaning that lending standards were once too […]
With fee income under fire, it is becoming more important than ever for credit union boards and managements to be able to articulate their philosophies on fees. Simply saying, “We don’t like to fee our members” is not enough. Most credit unions are already considering, if not implementing, new fees and fee increases—not because they […]
/images/White-Logo.png00Charlene Leland/images/White-Logo.pngCharlene Leland2011-07-14 09:35:082021-01-25 15:33:04Do You Have A Clear Philosophy On Fees?
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Thoughts On Checking Account Fees
ALM, Budgeting Blog PostsGiven the current challenges that financial institutions are facing, free checking has been proclaimed a soon-to-be thing of the past. Many banks and some credit unions have already moved away from free checking, but many credit unions are wrestling with the idea. Here are a few of the arguments we’ve heard against charging for checking […]
U.S. Debt Downgrade?
ALM, Budgeting, Economy Blog PostsSix days before the deadline to raise the national debt limit, 30 of 53 economists surveyed by Reuters news service believed the United States will lose its AAA debt rating in the near future. Some would argue that kind of action is overdue with the national debt standing at about $14.5 trillion and growing. However, […]
Policy Limits And The Proposed Regulation For IRR
ALM Blog PostsThe following is an excerpt from our response to NCUA’s proposed regulation on IRR. While the excerpt focuses on a potential issue with the proposed regulation, it also highlights a concern we have with the way certain policy limits are written that don’t look at the actual risk of an institution. Appropriate Policy Limits Another […]
Back In The Subprime Game
ALM, Consumer Behavior and Technology, Economy Blog PostsIn a recent issue of the Wall Street Journal, Lewis Ranieri—once known as the father of mortgage finance—said it is time for nontraditional lenders to enter the market, bringing with them a return to subprime lending. Ranieri said “the pendulum has swung too far in the other direction,” meaning that lending standards were once too […]
Do You Have A Clear Philosophy On Fees?
ALM, Budgeting, Strategic Planning Blog PostsWith fee income under fire, it is becoming more important than ever for credit union boards and managements to be able to articulate their philosophies on fees. Simply saying, “We don’t like to fee our members” is not enough. Most credit unions are already considering, if not implementing, new fees and fee increases—not because they […]