In our first show of 2011, Carla Day of CUchatup joins Hal, Anthony & Rob to discuss: –Social Media Update –Lending money to the elderly –When a scam becomes a SAR –Poor CU Directors! –SAFE Act Happenings (if any) –Class actions and offers of judgment. Sound editing by Victor Khaze The CIiCU hosts are: Brian…
by Sara Donnersbach, Esq. Those considered in their midlife are among the fastest growing segment of the population[1], better known as “Baby Boomers.” What does this mean? Given that a percentage of the population is under the age of 18, if one fourth of the population is over the age of 62, baby boomers are…
by Larry R. Rothenberg, Esq. In a prior advisory, we reported a procedure created by a trial judge in Darke County, a rural county in western Ohio, whereby the judge was routinely ordering properties with pending foreclosures to be conveyed by a commissioner’s deed directly to the mortgage holders, without judicial sales, despite the mortgage…
by Jeffrey Bearss, Esq. An important part of collection includes preserving the existing interest you already have in the asset. Here is some advice that will immediately start saving your credit union thousands of dollars. This is the scenario. A member borrows money to purchase a car. He buys the car, makes payments on the…
by Sara Donnersbach, Esq. 2011 marks the start of many in the baby boomer generation turning 65. Over 75 million Americans make up the baby boomer generation, and nearly all have reached an age where illness caring is starting to become a vital concern[1]. Many boomers have relied on services to help care for their…
By: Rob There have been quite a few attempts to sue financial institutions for ATMs where the fee sign is missing. Some CU folks have even speculated that plaintiffs’ lawyers have gone out under cover of darkness, pried off some signs and sent out willing plaintiffs to make withdrawals the next day. I’m sure such…
By Michael I. Rich, Esq. and David A. Wolfe, Esq. Weltman, Weinberg & Reis Co., LPA Michigan recently passed legislation amending MCL §600.3240, which affects only Oakland, Macomb and Kent counties and involves how parties in interest may redeem a non-Judicial Sheriff’s Deed. While redemption has always been allowed to be made to either the…
