N.Y. Fed Report Stirs Corporate CU Failures

NCUA says onsite WesCorp and other corporate examiners were limited by regs, not influenced by executives.

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Regulatory capture, a phenomenon where the regulated dominate the regulators and unduly influence their actions, did not play a role in the corporate financial crisis that eventually cost credit unions billions of dollars, according to the NCUA.

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Regulatory & Compliance

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