SAN ANTONIO — NCUA Chairman Debbie Matz told state regulators that the corporate credit union reforms do more than just repair existing damage.
"We can assure you that this crisis will never happen again," she said during a speech at the Thursday session of the NASCUS State System Summit.
She said that the new rule, with its capital standards and changes in corporate governance rules, will make certain that corporates don't make the kind of risky investments that caused such tumult.
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