NCUA Board Member Michael Fryzel provides a behind-the-scenes look at the rule's development and explains his no vote.
Board Member Fryzel explains why he doesn't support the proposed rule and why a two-examiner policy would be a better alternative.
NCUA Board Member Michael Fryzel lauds NAFCU suggestions to modify member business lending rules.
"I felt there was a lack of effort to reach an agreeable consensus."
In 1990, there were five credit unions with more than a billion dollars in assets. In 2013, there were 207. Trends like that are ignored at their own risk.
Do you remember when Burger King extolled the size of its hamburgers with the jingle, “The bigger the burger the better the burger, the burgers are bigger at Burger King?”
Before social media took over, there was this strange form of communication called face-to-face conversation. Two people would actually stand in the same room, look at one another and exchange thoughts and ideas through verbal interaction. For those of you who remember this form of communication, you may recall that...
At the recent hearing of the U.S. House of Representatives Financial Services Financial Institutions Subcommittee on credit union regulatory burdens, a credit union trade association proposed that the size of the NCUA Board increase from three members to five members.
Although I never actually checked, my guess is that the great majority of lawsuits that are filed seeking money damages never go to trial. Instead, they are settled between the parties out of court.
Recently, I was introduced to a financial concept that I call interestrateriskderivativeswapcap. The word may not flow as easily, but it does have an interesting sound to it and combines, for the most part, much of what needs to be looked at when proposed as a risk-management option for credit...