November 21, 2013
Thursday Edition
Radel gets probation for drug charge

The Washington Post reports that Florida Rep. Trey Radel (R) pleaded guilty Wednesday to possession of cocaine. As a result, Radel has been placed on supervised probation for a year and is required to pay a $260 fee. The 37-year-old Republican, and first time House member, was charged on Tuesday with misdemeanor possession of cocaine. The charge stemmed from an Oct. 29 purchase of $250 worth of cocaine during a law-enforcement undercover operation in Washington.

Radel said he has entered an outpatient addiction counseling program in D.C. and will enter an inpatient treatment facility in Naples. "I hit a bottom and I realize I need help," Radel stated to Judge Robert S. Tignor.

Radel could face a 180-day jail sentence if he violates terms of his probation. In a statement Tuesday, Radel acknowledged he let his family and constituents down as he struggles with alcoholism. The House Ethics Committee is expected to conduct a preliminary investigation. However, a spokesman for House Speaker John Boehner, (R-OH), said the matter will be "handled by the courts" and eventually "his family, and his constituents."

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Merchants file brief; want two-network option

The next phase of the interchange fees lawsuit took place on Wednesday with the merchants filing their brief. Included in the brief was a call for the Federal Reserve to comply with the Durbin amendment in the Dodd-Frank Act by implementing a two-system option for merchants.

The brief also included a push to have the barrier between PIN and signature transactions broken down. Douglas Kantor, a lawyer for some of the merchants, was quoted in the CU Times as saying, "We have long recognized that the Federal Reserve Board has some choices about how it implements the Durbin Amendment's requirements on network exclusivity.”

The Federal Reserve now has until Dec. 4 to file a response to the merchants' brief. Oral arguments are scheduled for Jan. 17, 2014. Read the full CU Times story on its website. 

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Longtime Suncoast Schools FCU employee passes away

One of Suncoast Schools FCU's longest tenured employees passed away this week. Carolyn Parslow began working with the credit union July 1, 1964, when it was still the Hillsborough County Teachers Credit Union in downtown Tampa. She worked with the founder of the credit union, Henry Claywell. 

The institutional knowledge she possessed was second to none. She saw the credit union blossom into Suncoast Schools FCU; and was also active with the Tampa Chapter of Credit Unions. Carolyn was also very active with the Florida league, serving as a director on the league board and chairman of the foundation. 

Carolyn passed away after a brief stay in the hospital. No funeral arrangements have been announced.

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LDC wrap-up video available

If you could not attend the Leadership Development Conference earlier this month in Point Clear, AL, you now have the opportunity to see what you missed. The League produces original videos from many of its signature events. The LDC wrap-up video features some of the speakers and attendees talking about the conference, the information they presented and their experiences. It is a good way to see what you missed or to motivate you to attend next year. 

View the video by clicking on the right side of today's eSignal Daily or by visiting the LSCU Video Room. Be sure to check out some of the other LSCU & Affiliates original videos. 

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In This Issue
Thursday Edition
Radel gets probation for drug charge
Merchants file brief; want two-network option
Longtime Suncoast Schools FCU employee passes away
LDC wrap-up video available
LSCU & Affiliates Media


2013 Leadership Development Conference Wrap Up
Check out a wrap-up video from the Leadership Development Conference, Nov. 5-8. The video features some of the speakers and attendees. Make plans to attend next year. 

Upcoming League Events
Nov. 22 5 Definitions of a Qualified Mortgage
Nov. 26 Compliance Updates/Nonresident Accts
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