July 20 2025

NCUA May Be Weaving a Tangled Web

Go to this article

NCUA May Be Weaving a Tangled Web

Several years ago, NCUA took over and settled a suit filed by seven credit unions that claimed that Western Corporate Credit Union (Wescorp) and its senior management had been negligent and breached their fiduciary duty when they engaged in risky investment practices.  Now the NCUA has been ensnared in a case brought by the US government against Standard and Poor’s that claims the ratings agency deliberately manipulated risk ratings on mortgage-backed securities.  The government’s case cites Wescorp and three other failed corporates and has subpoenaed documents from the NCUA to support its case.  To date, NCUA has refused to comply. [7/31/14]

« Risk InboX home

Risk Watch Plus Webinar 8: Complaint Management

Complaints: Why you shouldn’t shun them, but invite them! In this era of exploding complaint volume, this certificated webinar (see instructions in video for how to get your free certificate of completion) takes a look at the risks, evolution, and need for a management strategy to effectively deal with complaints. Before that, we cover what’s hot in compliance, as seen by the editors of Risk InboX. This week’s hot items: 1) HUD cancels Obama era Fair Housing rule; 2) “HMDA” for boards and management; and 3) CFPB has added a new dimension to its complaint database. Click here to watch now.

What is the AffirmX Platform?
Video What makes the patented AffirmX Risk Intel Platform different than anything else out there? Take the next 3 minutes to see what this revolutionary tool can do for your financial institution. Watch Video

About Risk InboX

Each day, teams of subject matter experts and analysts at AffirmX and AdvisX comb through dozens of resources to keep tabs on the latest developments in areas of risk. We share our findings here, along with a brief note about why each item matters.

We welcome your input. Contact us here.

Subscribe above to have a daily digest sent to your inbox. You may unsubscribe at any time.

Subscribe

Sign Up Today!

* required

*







*



Email & Social Media Marketing by VerticalResponse