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The agency’s board ducks responsibility and shrouds in secrecy what’s happening with $3 billion in recoveries from the sellers of dubious private mortgage securities.
The NCUA could accomplish so much more by being open about how it plans to manage and distribute billions of dollars from the corporate credit union collapse and bailout.
The latest news should be good for credit unions invested in the failed corporates, but lack of regulator clarity makes it hard to know what's really going on.
Federal regulator grows its own budget instead of using credit union’s cooperative insurance fund as a collective resource to rehabilitate or resolve credit unions in difficulty.
The need for monitoring grows as does the bank account as another $161 million is added ahead of the fund’s 2021 shutdown date.
While credit unions await payback, a look at the agency’s audit numbers for the past six years show its secretive rescue plan might have cost more than it saved.
Three critical questions about the corporate resolution plan to be addressed at this Thursday's board meeting.
A review of NCUSIF audits show a rebuff of reality that marks seven years of building budgets while thwarting the fund’s intent to sustain and nurture.
NCUA chair Debbie Matz leaves the board as the movement prepares to live with burdensome new capitalization standards that data show nearly no credit unions currently run afoul of.
The regulator's drastic move is a troubling illustration of how the agency created to foster the movement’s safety and soundness is becoming a threat to its future.