THE 'tude

Over the last few decades, the consumer need for short-term, small dollar-loans has attracted some unscrupulous lenders, primarily driven by profits, that have made already troubling financial situations worse.

Like some sort of financial services eHarmony world, there’s no shortage of “love” around credit unions, especially as International CU Week kicks off (CUToday.info will have coverage all week).

More and more, credit unions managing large volumes of consumer data are required to adhere to strict compliance and regulatory guidelines.

In the immediate aftermath of the crisis, in August 2009, my priority as NCUA chairman was, first and foremost, preventing the collapse of the credit union system.