
Ryan Donovan
President and CEO, Council of Federal Home Loan BanksRyan Donovan is president and CEO of the Council of Federal Home Loan Banks.
Ryan Donovan is president and CEO of the Council of Federal Home Loan Banks.
When small banks leave the community, it makes sense for credit unions to fill the void.
When small banks leave the community, it makes sense for credit unions to fill the void.
The fight over the credit union industry's tax-exempt status has moved from the federal to state level. It will take the entire movement working together to combat these challenges.
As debate over the future of the mortgage finance system heats up, policymakers must ensure that small banks and credit unions maintain equitable access to the secondary market.
Credit unions and the Consumer Financial Protection Bureau share a similar mission, so why does the CFPB continue to make it difficult for CUs to do business?
While used infrequently by credit unions, arbitration clauses can be an effective way to ensure both the credit union member and the credit union's interest are protected when disputes arise.
But using a broad, sweeping rule that applies equally to credit unions and Wall Street banks doesn't make sense, and certainly doesn't benefit the consumer.
The current single-director leadership structure of the Consumer Financial Protection Bureau is not a recipe for transparency and accountability. Creating a multimember commission to oversee the agency is the answer.
CUNA turns banker questions on tax status, FOM and more back around on them.