Regulation and Deposit Insurance

Regulation’s Silver CU Lining?
- Benjamin Rogers
- Feb 23, 2010 No Comments
The new strictures on credit cards landed yesterday. The Fed’s new overdraft opt-in rules are already causing ulcers among big banks and credit unions alike. And the debate continues over a proposed new Consumer Financial Protection Agency. (passed in the House, pending in the Senate). What’s the good news again?
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categories » Economic Issues - Policy, Regulation and Deposit Insurance
Silver Lining to the Regulatory Clouds
- Adam Levitin, Associate Professor of Law, Georgetown University Law Center
- Feb 23, 2010 No Comments
For credit unions, there’s a real silver lining to the 2009-2010 regulatory frenzy, argues Georgetown Law Prof. Adam Levitin, whose Filene credits include a guide to the C.A.R.D. Act and a soon-to-be-released report on the changes to overdraft.
His take, presented to at the Filene Research Institute’s member breakfast at the GAC in February 2010, is that:
- Credit unions rely far less than their competitors on credit card revenue and overdraft (though, here the reliance is more pronounced).
- As mutuals, credit unions have more flexibility to work with decreased margins.
- And the proposed CFPA will hamstring fringe players and banks much more than credit unions.
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categories » Economic Issues - Policy, Regulation and Deposit Insurance
Regulatory Debate Afoot
- George Hofheimer
- Jun 11, 2009 No Comments
We recently released a paper examining the single financial services regulator question . This paper summarized existing research and viewpoints on a hot button issue for the credit union system. On June 17 the U.S. Treasury Department will unveil their regulatory plan which is receiving conflicting reports about the direction this plan will take. There seem to be two distinct possibilities: modest re-organization or massive consolidation of banking regulatory bodies.
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categories » Regulation and Deposit Insurance, Research in Motion