Perspectives - Page 2

Credit Unions’ 2019 Wish List

More liberal field of membership rules are a top priority.

By Bill Poquette

What’s on credit unions’ advocacy wish list this year? Sure, they want some of the same things banks want: reduced examination burden on smaller institutions; guidance and resources for coping with CECL; collaboration on cybersecurity standards; a regulatory environment that fosters growth — things that would benefit all community financial institutions.


The Cannabis Conundrum

States continue to legalize marijuana, but federal law lags trend.

By Bill Poquette

After the 2018 midterm elections, voters in 33 states have legalized marijuana to some degree, and Michigan in November became the 10th state to allow recreational use. Missouri was one of two states, along with Utah, to give the nod to medical marijuana in the fall balloting.


The November Madness Is Over

And community banking survived, mostly unhurt.

By Bill Poquette

If you’re not totally burned out on the midterm elections yet, read on for some observations about implications for the banking industry.


Taking Stock: Regulators Report to Congress on S. 2155

By Bill Poquette, Editor-in-Chief

Just over six months ago, the banking industry was thrilled to welcome final passage of S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act. Finally, the decade-old Dodd-Frank curse was eased. Constant pressure from financial institution trade groups and their members led to rare bipartisan agreement on a package of relief measures holding great promise for the industry — especially community and regional banks — and the communities it serves.


Time for a Glass-Steagall Reprise?

Lehman bankruptcy anniversary summons too-big-to-fail memories.

By Bill Poquette, Editor-in-Chief

Sept. 15, 2018, marked the 10th anniversary of the collapse of Lehman Brothers, the fourth-largest and venerated U.S. investment bank that Fortune magazine had labeled a year earlier the No. 1 “most admired securities firm.” A primary cause for the debacle, which was to become a stark symbol of the financial crisis, was imprudent lending amidst the housing bubble.


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