Savings Bonds - Interlocks - CFPB Director; Tick-Tock
Written by Steve Van Beek
A couple of items of note to start off the week.
Savings Bonds. Â NCUA issued Letter to Credit Unions 11-CU-15 to discuss the changes in U.S. Savings Bonds Sales. Â Paper bonds will no longer be available for sale at financial institutions after December 31, 2011.
Management Interlocks. Â NCUA issued Legal Opinion Letter 11-0220 in August analyzing their Management Interlocks regulation - Part 711.
Vote on Cordray.  The Senate Banking Committee is expected to vote on Thursday (Reuters.com) on Richard Cordray's nomination to become Director of the CFPB.  It is expected that Cordray's nomination will be voted out of committee but then it moves to the full Senate floor. Â
Remember, there are forty-four Senators on record against any nominee for the CFPB position without legislative changes to the structure of the CFPB. Â Â Â Â Â Â
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October is here. Â It is amazing how much closer "the big day" is when the calendar flips. Â Similarly - why does 3 weeks seem like half the time of one month? Â
All I can say is that I'm a very lucky man. Â Less than three weeks away from marrying my best friend. Â Â
