ALEXANDRIA, Va. — The NCUA Board today held a special executive session to discuss a "supervisory" issue but declined to reveal the results.
"The board considered a matter that remains confidential at this time," the agency said in a statement following the meeting.
At these sessions, the board sometimes reviews the finances of troubled credit unions and makes decisions about whether to close them or take them over.
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While the government has fairly strict rules about regulatory agencies conducting public business in open session, there are exceptions for matters involving proprietary information of companies and when discussing personnel issues.
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