Online Banking Compliance Countdown


Technology-based security decisions are being made across the country in preparation for 2012

by W.B. King

Snarky but insightful political satirist P.J O’Rourke once said “Giving money and power to government is like giving whiskey and car keys to teenage boys.” I think we all felt the same way leading up to Aug. 2 as the Debt Ceiling crisis loomed with no meaningful, long view answers from either side of the aisle presented. More so, there was a lot of positioning and maneuvering but what emerged was the American public’s utter distaste for Congress receiving a 14 percent approval rating. One comedian smartly joked “What happens when it is a zero approval rating?”

Credit unions, like all financial institutions, had to remain resolute despite the possible default. It seemed clear that a deal was going to be made making the 11th hour countdown all the more pointless and frustrating sending fear and trepidation to Main Street and Wall Street, as well as world markets.

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