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Most CUs will provide wage increases for at least some of their employees, according to CUNA's just-released Small CU Staff Salary Survey.
St. L Post Dispatch on GAO report:Consumers may not benefit from altering Interchange system;would cut card competition. http://ow.ly/ETyX
CUNA's Hampel: Consumer holiday spending will be up slightly from last year. See Tues NN.
NCCUL and WOCCU met with Romanian CUs this week. The CUs are experiencing growth and want to increase their public relations efforts.
Kent Buckham has been named by NCUA as director of the newly created Office of Consumer Protection. The 7-person dept. launches in Jan.
Mortgage Fraud Task Force gets CU perspective
ST. LOUIS (12/1/08)--Missouri's credit union leaders are involved in a newly formed U.S. Attorney's Task Force on Mortgage Fraud, according to the Missouri Credit Union Association (MCUA).
MCUA President/CEO Rosie Holub and Missouri Division of Credit Unions Director Sandy Branson are providing a credit union perspective to help the task force prevent mortgage fraud.
U.S. Attorney Catherine Hanaway announced the task force was being formed to share information and trends, so tools could be developed to help identify and prosecute in mortgage fraud incidents.
The task force has three goals:
- Stopping mortgage fraud before it starts via educating industry officials, borrowers and local law enforcement;
- Ensuring all fraud cases are brought to the attention of law enforcement and prosecutors; and
- Making sure the voices of the community victimized by mortgage fraud are heard by the courts.
Holub will participate in the next task force meeting on Dec. 17 in St. Louis. The task force is made up of law enforcement officials, government regulators and real estate professionals.
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