"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)
-
By Ray Birch MADISON, Wis.— Six weeks after TruStage discovered the cyberattack that forced much of its technology environment offline, sign...
-
Alexandria, VA (August 24, 2026) ― Today, John Crews was sworn-in as the fourteenth Chairman of the National Credit Union Administration ... -
Don't miss out on our podcasts covering what is important to credit unions . Or try our website. ======================================... -
ALEXANDRIA, Va.--NCUA notified federal credit unions Wednesday that it considers changes to board meeting requirements following enactment ...
-
Robot Race Returns As we here in the US are worried about Data Centers, a Chinese-made robot defeated Jamaican athle... -
By Peter Myers Increasingly, seasoned talent is stepping out of senior leadership roles and green talent is filling the void. By 2030, 21% o...
-
NEW YORK — The U.S. housing market could experience its weakest year in more than a decade as elevated mortgage rates suppress sales and kee...
-
WASHINGTON—Reps. Janelle Bynum (D-OR) and Young Kim (R-CA) introduced bipartisan legislation Thursday that would significantly broaden the i...
No comments:
Post a Comment
Please no profanity or political comments.
Note: Only a member of this blog may post a comment.