"The NCUA "welcomed" a GAO report that essentially said the agency was unprepared to deal with the corporate crisis and has been less than transparent during the corporate resolution process. This report confirms accusations from all corners of the industry regarding the agency’s flow of information.
The Wall Street Journal caught wind of it and ran a piece on Jan. 5. The article reported, “The GAO said a lack of documentation opened the regulator to ‘questions about its ability to effectively estimate the total costs of the failures and determine whether the credit unions will be able to pay for these losses.’” " **** Editor’s Column: New Year Rumblings: Some Spoken, Some Not:
'via Blog this'
“Celebrating 25 Years of Service: Unite, Ignite, and Empower” “We train and support volunteer leaders of credit unions serving first responders to run stronger, more effective institutions.” “Great things happen when credit unions serving first responders come together. Our face-to-face and on-line interaction is the platform where collaboration begins, and GREAT ideas are generated.”
Subscribe to:
Post Comments (Atom)
We Have Been Fighting the Wrong Competitor
We Have Been Fighting the Wrong Competitor Becky Reed — Featured Speaker at NCOFCU 2026 We are pleased to...
-
We Have Been Fighting the Wrong Competitor Becky Reed — Featured Speaker at NCOFCU 2026 We are pleased to... -
Federal Reserve Chairman Kevin Warsh reaffirmed the central bank's commitment to lowering consumer prices, acknowledging that inflation ... -
One of my readers told me in an email that an investment guy at his bank was trying to sell him on bonds while he was redeeming a matured CD...
-
Alexandria, VA (August 24, 2026) ― Today, John Crews was sworn-in as the fourteenth Chairman of the National Credit Union Administration ... -
Robot Race Returns As we here in the US are worried about Data Centers, a Chinese-made robot defeated Jamaican athle... -
Former Open Solutions head man gets top job at major provider of video and audio technology. Hernandez, in the announcement, said, “As the... -
WASHINGTON—Reps. Janelle Bynum (D-OR) and Young Kim (R-CA) introduced bipartisan legislation Thursday that would significantly broaden the i...
-
When talk turns to Wall Street, do you turn and walk away? In today's economy, investing is on everyone's to-do list -- right after ...
No comments:
Post a Comment
Please no profanity or political comments.
Note: Only a member of this blog may post a comment.