Low wages, predatory lending, and barriers to social mobility trap and disadvantage too many. Employers, governments, credit unions, retailers and others need to step up.
Financial Hamster Wheel
Public Policy
Income Security
Monetizing Your Every Move
How do credit unions address their members’ loss of privacy? Huge datasets have been aggregated and turned into proprietary treasures – at Google, Facebook, Amazon, etc.. What is in the member’s best interest?
Managing Uncertainty
When managing risk & uncertainty, statistical models are no substitute for cautious, reasoned judgement.
Credit Unions Sidelined by COVID-19?
The delivery system for Federal emergency support programs to business excludes most credits unions; Central 1 must step up.
Debt Splash or Tsunami
Banks Heating Things Up
Super Regulator
Proportionality – Tiered
July’s OSFI discussion paper “Advancing Proportionality” introduces some important ideas which could be used in the regulation of credit unions in this province. Most significantly, the paper proposes four ‘tiers’, or categories, for Canada’s small and medium sized banks. In the paper, the 66 institutions are segmented into four sub-groups; tailoring capital and liquidity requirements […]
Democracy Debased
The May 2019 Central 1 Triennial Governance Review report has provoked too little discussion. Unfortunately, it reflects another incremental shift away from models of democratic ownership upon which the co-operative business model is based. This is another step in the effective ‘dis-mantling’ of second tier credit union entities as political agents for credit union members. […]