Updated numbers from the NCUA reveal a projected range of future assessments between negative $2B and negative $600M.
Financial reports also reveal a continued decline in legacy asset credit ratings.
The NCUA received $1.073B of the $1.4B JPMorgan settlement. Lawyers got the rest.
NCUA board member also provides a sneak peek at what might be his last major conference speech in his current position.
Matz and Metsger say 2021 rebate likely if current NGN performance holds, but Fryzel warns credit unions against anticipating any payback.
NCUA officials still won't reveal the net amount received from the JPMorgan settlement. But their excuse sounds credible.
NCUA officials still won't reveal the net amount received from the JPMorgan settlement. At least their excuse sounds credible.
Revealing the settlement's net gain could jeopardize ongoing negotiations with deep-pocketed Wall Street firms, NCUA's general counsel says.
JPMorgan Chase settlement eliminated future assessments, but NCUA won't reveal how much it paid in lawyer's fees.
Legacy asset performance and 2013 assessment reduces estimated outstanding corporate stabilization costs to less than $1.6 billion.