Hood Defends Taxi Loan Sale as Agency Defends Secretive Nature of Deal

"The Federal Credit Union Act gives the liquidating agent broad authority to carry out an orderly liquidation to achieve the least cost."

By David Baumann | February 25, 2020 at 11:13 AM

NCUA Chairman, Rodney Hood speaks at CUNA's Governmental Affairs Conference on Feb. 25, 2020.

NCUA Chairman Rodney Hood on Tuesday continued to defend the agency's decision to sell the taxi medallion loans it held, even as agency officials defended the secretive nature of the sale.

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