Friday, February 27, 2015

NCUA Transparency And Outreach...


"The Office of the Comptroller of the Currency
Democracy in Action !!
has established advisory committees to provide perspective to the Agency on the challenges and needs of minority institutions and mutual savings associations.  



Hands up !!!  To Help !!
Each will have 10 members serving 2-year terms and will meet at least twice a year.  These two groups will replace similar groups established by the former OTS.  An announcement and solicitation for members will be published in the Federal Register." 

The OCC evidently sees value in listening to the perspectives of the folks they regulate, as did the now consolidated regulator, OTS.  The FDIC has had such industry advisory panels for many years, as has the newest regulator, CFPB.  
'Da FED !!
Even the august Federal Reserve Board frequently sets aside time to meet directly with and to listen to the opinions of regulated institutions and consumer groups from across the Country. 

These advisory panels are obviously important sources of information and insight for these major federal agencies in formulating public policy.


Here's the test question:  Can you name the members of the NCUA Credit Union Advisory Committee?


Breathless with
anticipation!!




Take your time... I'll wait......


Can assure you that your first two guesses were wrong....

Could NCUA be the real "systemic risk" in the credit union world?
(Speaking Copernicusly...)

















































12 comments:

Anonymous said...

ANSWER: A. BUDDY

Jim Blaine said...

A Buddy?//

Translation please...

Anonymous said...

Put your glasses on Jimbo. It's not A Buddy, it's A period Buddy. A is the first letter of the name most call him by. Buddy is his self given nick name. Are you getting it now?

I know its been a long week and the words from you have been many so understandably your are tired and therefore forgiven.

Gregg Stockdale said...

They really didn't want to hear from all of us on RBC#1. Why then would they want to "listen" to a small subsection of that group? They just are not all that into "listening" at any level. One only has to look at the direction of rates and their "guidance" since 2009 to see outside facts don't get factored into their logic (assuming there is some sort of logic being followed).
I'm not a fan of CFPB as I believe they do more harm than good. However, they really listened. The CU Advisory group was able to move the needle with regards to some of the items under consideration. Hats off to the CFPB for that.

Anonymous said...

Could NCUA be the greatest systemic risk? Dude, I told you that years ago, and I've seen little to alter that perception.

Jim Blaine said...

OK, OK.... didn't get the connection to the "breathing apparatus of a fish"...

Guess that explains a lot on NCUA's stubbornness about human contact... if you are equipped with a "fish apparatus", you never have to come up for air!

Anonymous said...

NCUA is "Gill-ty" as charged on hubris!

Anonymous said...

Buddy Gill is not a fish, more at a reptile from my experience.

Anonymous said...

Not a fish, not a reptile. Have you ever heard of a box of rocks?

Anonymous said...

Thought Gill was CUNA trained?

Anonymous said...

Cleopatra and an "asp" ?

Jim Blaine said...

It would appear that the last commenter may have a lisp.