This week, news ranging from CUNA's dues cut announcement toLAFCU's overdraft suit got readers buzzing.

“LAFCUHit With Overdraft Suit,” Sept. 21

This should be a wake up to call for credit unions regarding theunsexy work of ensuring disclosures are compliant – it is a matterof time before similar actions are taken against credit carddisclosures.

As I have been preaching for years, many credit unions use“generic” disclosures/terms for their credit card agreements and donot state actual fees in the terms and conditions such as latefees, return check fees, etc. Just putting it in the Schumer Boxdoes not fulfill all the requirements.

Specifically to quote from the article regarding overdraftopt-ins, the key is not to refer the user to anotherdocument/schedule for fees: “LAFCU's opt-in agreement is verysimilar to a sample opt-in agreement the Federal Reserve provided,though there is one major difference, the complaint said: 'Insteadof listing the overdraft fee in the document as required, [it]referenced some other document for information about the amount ofthe fee.'”

Hundreds of credit unions have similar wording in their creditcard agreements. Check yours TODAY!!!

—cardanalysis

“CFPBReleases Complaint Report,” Sept. 22

The report shows clearly that the unrepentant, “too big tobehave banks” continue to prey on consumers with unfair, deceptive,abusive acts and practices, largely because the individual bankersoperating offending businesses remain unpunished.

—jrwells5

“CUNAAnnounces 2016 Dues Cut,” Sept. 23

And to think we were talking about the need for this in 2005.That's right, 2005, before the radio show, and before Twitter andLinkedIn…vindication may not be the right word, but it's somethingvery much like it.

—Jason Dias, Eloquent Online New Braunfels, Texas

CUNA has been exploiting member credit unions for years. I knowbecause I served on the board of a large credit union for 25 years,and I always believed the fee was inappropriate.

—WVF

“ServingSmall Business Members' Credit Needs,” Sept. 23

Great article and a topic that really needs to be looked atgiven the fact that almost every aspect of modern life is onlinenow. Not only are individuals doing more and more of their personalbanking online, many of those same people are running smallbusinesses. With that being said, I would add an eighth item tothat list: PFM for the small business. Offering small businessesonline financial management tools to compliment their onlinebanking helps the business owner succeed in a big way.

—Amy Arditi Hibbard, Geezo Williamsburg, Va.