Senate committee’s option papers termed a wakeup call by industry trades.
As of year-end 2012, WesCorp’s estimated losses were $5.7 billion, representing 84.4% of the nearly $6.8 billion in total estimated legacy asset losses.
Avalos joined NCUA in 1999 after 13 years in the credit union industry and in the auditing profession.
NCUA program officer gets an earful about business loan waivers from NACUSO attendees.
Solution tracks NCUA regulations and delivers changes credit unions need to make; targeted to smaller credit unions.
CUNA expands regulatory Advocacy Report distribution while NAFCU reports sharp uptick in compliance help requests.
“If I have anything to do with it, there will not be taxation on our credit unions,” the House Financial Services chairman said.
Borrowers and lenders of loans backed by the SBA will have greater access to capital and less paperwork to deal with.
The NWCUA has sounded the alarm about three bills that aim to tax many credit unions and implement new regulations.
Becker said he's heard reports of interest rate risk being tested under what he called "absurd" scenarios.