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February 2018
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Recent Case Law Provides Positive Momentum for Credit Union Defense in ADA Website Litigation
Friday, February 2, 2018 7:00 AM

On Jan. 26, 2018, in the case of Keith Carroll v. Northwest Federal Credit Union, the United States District Court for the Eastern District of Virginia decided in favor of the credit union defendant by granting a motion to dismiss without prejudice. This is a positive development and can be used as persuasive support; however, the order does not bind courts in Texas, Oklahoma, or Arkansas.

InfoSight Highlight: Loan Channel-Home Mortgage Disclosure Act
Friday, February 2, 2018 6:55 AM

The Home Mortgage Disclosure Act had some significant changes that were effective Jan. 1, 2018, and this channel in ComplySight was updated to reflect those changes.

Pending Regulatory Comment Calls
Friday, February 2, 2018 6:50 AM

The following table shows pending regulatory proposals quickly coming to deadline. Cornerstone and Credit Union National Association will be submitting comments. Credit unions are encouraged to use PowerComment to file comment letters with regulators. 

Appeals Court Upholds Independent CFPB Structure
Friday, February 2, 2018 6:45 AM

A U.S. appeals court on Wednesday ruled that the structure of the Consumer Financial Protection Bureau is constitutional and that its director can be fired by the president for cause only.

Louisiana Credit Union League Selects Robert Gallman as CEO
Friday, February 2, 2018 6:40 AM

The board of directors of the Louisiana Credit Union League, the state-trade association for credit unions, has selected Robert (Bob) Gallman as president and CEO, effective March 1. Gallman joins LCUL following the departure of Anne Cochran, who announced her intent to retire last July after serving more than 40 years in the movement.

Accessing Predictive Superpowers: Economic Patterns and Trends
Friday, February 2, 2018 6:35 AM

If you could have any superpower, what would you choose? Invisibility? Flight? Time travel? I bet many of us in the financial industry would want to have the ability to predict the future. Think of the possibilities. The good news is, that predictive superpower is somewhat obtainable with access to the right patterns and trends.