Walter E. Washington Convention Center, Washington, D.C. Walter E. Washington Convention Center, Washington, D.C. (Source: Dorti/Shutterstock)

NCUA Board Member Todd Harper said Wednesday that the NCUA would have been “better served” if the agency had given New York City officials time to form a public-private partnership to purchase taxi medallion loans the agency holds.

Harper told those attending CUNA’s Governmental Affairs Conference that now that the agency has decided to sell the loans to a private entity, he will be watching carefully to ensure that the purchaser follows consumer protection requirements.

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David Baumann

 

Credit Union Times

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