Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
TrinidadTobago CU Policy Act draws opposition
PORT OF SPAIN (10/2/09)--Trinidad and Tobago Labor Minister Rennie Dumas said that new legislation, the Credit Union Policy Act, will benefit credit unions. He made the statement after dozens of credit union stakeholders rejected the 67-page proposed policy at a Central Bank public meeting. Dumas' comment was read on his behalf by Permanent Secretary in the Ministry of Labor Roslyn Khan-Cummings Wednesday during the National Credit Union Symposium in Port of Spain (Trinidad and Tobago Express Oct. 1). "The credit union sector is one that is stable for decades has consistently provided access to credit facilities for our citizens," said Dumas' speech. The proposal would mean the Central Bank would supervise credit unions, although development support would continue under the Cooperative Development Division. Those opposed to the proposal said the approach to governing credit unions was a one-size-fits-all policy. They also said the proposed legislation is too stringent.


RSS print
News Now LiveWire
Members of Interstate FCU have voted to merge with Credit Union of Southern California https://t.co/yYeSWEG4GH
1 hours ago
.@InfinityFCU has named Liz Hayes as president/CEO. Hayes was formerly EVP and chief administrative offficer at @Affinity_Plus
1 hours ago
.@wpcu battles Speedway in round 3 of Dayton Brand Madness via @DBJnews http://t.co/EbQL5f9be8
3 hours ago
New at #NewsNow: Fed regulators approve new #QRM rule. http://t.co/Bdz5q43xjZ
3 hours ago
#NewsNow New league award honors Commitment to Cooperation http://t.co/OPt97flShn
4 hours ago