"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 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 ... -
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... -
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...
-
By Ray Birch MADISON, Wis.— Six weeks after TruStage discovered the cyberattack that forced much of its technology environment offline, sign...
-
FAIRHOPE, Ala.–CU*SOUTH said it is partnering with Auto Link to offer a new tool to help credit unions boost their retail presence as m...
No comments:
Post a Comment
Please no profanity or political comments.
Note: Only a member of this blog may post a comment.