CU President Denies NCUA Forced It to Close Gun Dealer Account
In response to reports based on a secret recording in which an employee of a Wisconsin credit union cites pressure from the NCUA to close a gun dealer's account, the president of the credit union has come forward to say that the account wasn't closed because of the NCUA, but because the credit union was not capable of monitoring the cash-intensive businesses at a level required by regulation. Consumer group says blame still falls on the Obama administration. [1/16/15]
