Wednesday, July 7, 2010

Texas Credit Union Department Proposing to be Reimbursed for Excessive Cost from Problem Credit Unions

The Texas Credit Union Commission is proposing that a credit union that engages in questionable behavior be responsible for the excessive cost it imposes on the Texas Credit Union Department. The proposed rule, according to the Commission, is designed to ensure that the Department’s fees and assessments are more equitable for all credit unions. To read the proposed rule, click here.
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1 comment:

  1. FMSI VantagePointJuly 9, 2010 at 9:54 AM

    The process for determining "Problem Credit Unions" can be a slippery slope. It could turn into a witch hunt. However, having something like this may help to better establish accountability.

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