Junk fees were the least important thing Pres. Biden mentioned today in his press conference
Today President Biden held a press conference in which he vowed that the Federal government would help middle class American’s by outlawing junk fees. He cast a broad net, which […]
CUs distribute wealth more evenly than banks
I’ve already posted other thoughts from reading Secrets of the Temple, a decidedly left-leaning book. One last note. A notion referred to several times in the book is that banking, generally, […]
Thoughts after reading “Secrets of the Temple: How the Federal Reserve Runs the Country”
As I edited Lynn Kuehne’s book early last year, his numerous references to the book Secrets of the Temple, by William Greider, led me to read the book. I thought […]
New Account Check Holds When Adding an Additional Depositor to an Existing Checking Account
Question: Regarding Reg CC and check holds, can we apply a new account exception hold on an established account when a new account holder is added? Answer: Interestingly enough, yes. […]
Is Compliance Ready for AI?
Is anyone else fascinating by ChatGPT and other natural language AI chatbot’s? Maybe you’re wondering if this new piece of technology can help you with your job as a compliance professional. […]
Dwelling Secured Loans Without Land
Question: Our member is purchasing a mobile home as a primary dwelling with 30% down making our loan amount $40,000. There is no land involved, just a lot space rent […]
A brief note about the weirdness of our near-future world; and, these tools aren’t AI
On Valentine’s Day my brother-in-law kindly wrote a poem to his wife, and then other poems to several others of us in a particular chat thread. At least one person […]
And so it begins–2023 Legislative Session
It’s day 1 of the 2023 Utah state legislative session. We’ve been tracking the movement of several potential bills. At least one just made the leap from idea to bill. […]
HMDA again?
Q. Heather, I’ve heard some noise about HMDA (the Home Mortgage Disclosure Act, Regulation C). What are the changes? How can I tell if my credit union has to report […]
