League’s Florida contract lobbyist named best in state

INFLUENCE Magazine, run by Peter Schorsch of SaintPetersBlog.com and Extensive Enterprises Media, released its first Golden Rotunda Awards. The awards recognize the best in Florida’s lobbying corp. Capital City Consultants, the firm the League began using since late last year, was named the Lobbying Firm of the Year. A prestigious honor for them and for […]

Payday lending bill passes Alabama House committee

An Alabama House committee approved a payday lending bill that offers reforms. This new bill that was approved, still SB 91, has been significantly amended and watered down from its original version. The League has supported SB 91 – see Monday’s President’s Point. The bill the Financial Services committee approved on Wednesday offers an APR […]

NCUA to open grant process; $2 million available

Low-income credit unions seeking support to grow, train staff, and improve security should consider applying for Community Development Revolving Loan Fund assistance grants from the NCUA, which will offer $2 million in grant opportunities. NCUA’s Office of Small Credit Union Initiatives, which administers the grants, will accept applications between June 1 and June 30. To […]

Foreclosures at lowest numbers since 2007

For the first time in nine years, there are fewer properties in foreclosure than before the housing crisis. The number of foreclosed properties fell by 24,000 in March. The total number of properties in foreclosure is now at 631,000; the lowest total since 2007. However, all of the news is not positive. New home sales […]

Take charge by signing up for SCUCE Director’s Institution Sessions

While you’re signing up by April 29 to catch early bird pricing for Southeast Credit Union Convention & Expo, be sure to also register for two Director’s Institute Sessions being offered. The first, Understanding Regulations (V416M),  will provide information about compliance and how to prepare for and participate in the regulatory exam process. Bill Berg, M.B.A., […]

Feds expect to keep interest rates steady

When the Federal Reserve board meets this week, a wobbly economy will be heavy on their minds. After raising rates for the first time in a decade in December, the board is looking to possibly raise rates again in June. However, the economy has not continued an upward path since December, making the board’s job […]

Chip cards are deterring fraud

Visa is looking at how chip cards are impacting fraud. CU Today is reporting that Visa found a dip of more than 18 percent on fraudulent transactions. What Visa is also finding is that mag strip devices are seeing more fraud activity since chip cards came on the market. CU Today writes that, “Among the […]

Dr. Politics headlines SCUCE GA Luncheon

Each year, one of the most anticipated events at the Southeast Credit Union Conference & Expo is the Governmental Affairs Luncheon. The luncheon has been headlined by a big name speaker every year that provides attendees an inside look at politics, elections, and Congress. Past speakers include Rep. Bill Posey (R-FL), The Hill’s AB Stoddard, […]

Op-Ed by Florida’s OFR Commisioner encourages education

In an Op-Ed that appeared in Monday’s Pensacola News Journal, Drew J. Breakspear, commissioner of Florida’s Office of Financial Regulation, wrote about the importance of empowering youth to ensure a sound economic future. According to Breakspear, a financial literacy study conducted by leading research organizations indicates “young people in developed countries (including the United States), […]