"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)
New IRS Auto Loan Reporting Rule Creates Major Compliance Challenge for Credit Unions
Credit unions that make auto loans need to begin preparing now for a significant new IRS reporting requirement that could create an especial...
-
Twist and Shout Rock 'n' roll is a form of popular music that originated in the American ...
-
Warren Buffett Steps Down Billionaire investor Warren Buffett stepped down as chairman of Berkshire Hatha...
-
Fed Hikes Rates The Federal Reserve raised interest rates for the first time since 2023 yesterday, announc... -
Ivory Tower IOUs More than 40% of US adults who pursued education beyond high school have ... -
WASHINGTON — U.S. inflation held steady in August, but a stronger-than-expected increase in underlying prices has sharply increased expect... -
People Don’t Know What’s Real Anymore The internet didn’t destroy the truth. We built an economy that makes truth harder to find. By Grant...
No comments:
Post a Comment
Please no profanity or political comments.
Note: Only a member of this blog may post a comment.