Possible Fannie Mae, Freddie Mac write-downs could in fact help credit unions by forcing losses onto holders of first liens.
In the largest multistate agreement since the tobacco settlement of 1998, the Obama administration, along with 49 state attorney generals, announced a $25 billion settlement with five of the nation’s largest banks. In addition to instances of wrongful foreclosure and fraud, the government’s investigations found that banks routinely violated the...
Carla Decker, the CEO of the 10,600-member District Government Employees Federal Credit Union, last week took herself out of consideration as a NCUA board nominee.
Clifford Rosenthal blasts industry's treatment of NCUA nominee.
Clifford Rosenthal, CEO of the National Federation of Community Development Credit Unions, is leaving the federation to take a position with the Consumer Financial Protection Bureau.
The disagreement between financial institutions and regulators over changes in the exam process may not be resolved on Capitol Hill any time soon.
Some industry sources say Senate Banking Committee might pair nomination with Carla Decker bid for NCUA.
The examination process at the NCUA went on trial last week. Not before a court but before Congress, though it could end up in court, too, if legislation in Congress makes it through to law. The Financial Institution Examination Fairness and Reform Act (H.R. 3461) would create an ombudsman within...
The examination process at the NCUA went on trial last week. Not before a court but before Congress, though it could end up in court, too.
The hearing will take place the day after Valentine’s Day, but there probably won’t be any candy and flowers for the witnesses.