Credit union comeback?

Money | The ECCU hopes to pull up from a downgrade
by William McCleery
Posted 9/02/16, 01:00 am

The past decade has been a struggle for the California-based Evangelical Christian Credit Union, which provides financial banking services to churches, Christian organizations, missionaries, and consumers across the United States.

Last year the National Credit Union Administration (NCUA) downgraded the ECCU to “adequately capitalized” from the more desirable designation of “well capitalized” (defined as having a 7 percent or higher net worth ratio).

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River North Photography/iStock

Payday pitfalls

Money | Reining in the practice of high-interest payday lending
Posted 7/22/16, 01:00 am

Since its creation in 2010, the Consumer Financial Protection Bureau has stuck its nose in every imaginable issue involving consumer finance, and even, as I recently noted on this page, in some issues that don’t. The consumer bureau has now released a payday lending proposal that looks like another example of regulators gone amok. But this time they may be on the right track.

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Krieg Barrie

Faith, finances, and fraudsters

Money | When hiring financial help, don’t fall for ‘the Jesus card’
by David L. Bahnsen
Posted 7/08/16, 01:00 am

If you’re a Christian, you’re also a potential target of affinity fraud—what occurs when a financial adviser uses a profession of faith in Christ to worm his way into your confidence. That’s what happened recently to high-profile pro athletes, including San Francisco Giants pitcher Jake Peavy and Denver Broncos quarterback Mark Sanchez. They and others allegedly lost more than $30 million.

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