Sen. Elizabeth Warren raised a number of eyebrows during her GAC address when she thanked credit unions for championing the CFPB. This was news to a number of credit union executives in the audience.
If credit unions didn't cause the financial crisis, why can't they get a blanket exemption from CFPB regs?
It was more than five years ago – March 2009 – when the NCUA seized WesCorp and U.S. Central, and thus began a shakeup that would completely redraw the map of corporate credit unions and their spokes. That story has been told, extensively, in CU Times.
Catch up with three former corporate leaders: Thomas Bonds, Francois Henriquez and Brian Hague.
A little over a month ago, the NCUA unceremoniously brought to a close the four-year saga of the failure and conservatorship of U.S. Central, the one-time $52 billion corporate credit union.
Former U.S. Central Bridge Attorney Moves to Florida firm.
NCUA declares three-year corporate system rescue effort complete.
Calling it one more bait-and-switch operator, the NCUA sues Credit Suisse Securities in the collapse of corporate credit unions.
80% of NCUA lawsuit claims waved forward after Kansas Federal District Court ruling.
Suits against Wachovia Capital Markets for U.S. Central, WesCorp losses combined into one.