This and That

Posted by Anthony Demangone

We'll get back to Regulation CC tomorrow.  Today, I'd like to share some items that have been getting dusty in my e-mail in-box.

• The Fed makes it official regarding the completion of the check processing restructuring.
• Have you seen the Ally Bank "pony" ad?  Cute and funny, right? Well, perhaps not for everyone. Read ICBA's take on this.  They were outraged that Ally implied that most banks are unethical and misleading.  Their letter is a strong reminder that other people see your advertisements.  Before you throw a competitor or a class of institutions under the bus in an advertisement, make sure you understand the risks.
• OFAC released its Annual Terrorist Assets Report.  It is a fairly interesting read, and it shows just how much has been blocked.  The charts/data could come in handy if you had to make an OFAC training presentation to staff.
• FEMA issued this letter last week to give folks a heads up that Congress was close to letting the National Flood Insurance Program lapse. (It has now officially lapsed, although action may be taken soon to fix the problem.) The letter includes a link to "guidelines" that FEMA created to address what happens in such "lapse" situations. 

• Rob Rutkowsi has put together a "best of issue" for the Current Issues in Credit Unions podcast.

Comments

[Jason Clarke]

"Mommy! Ally keeps poking me! I told her to stop, that it isn't fair and she still keeps poking me! Mommy! Mommy!"

"Hush now little IBCA. You know Ally is different and has to be treated differently. She's all broke up inside with the guilt of taking government funds. She deals with that guilt by poking people. Its just a phase. It will pass."