tag:blogger.com,1999:blog-319775530671726401.post150701738173144216..comments2023-10-01T09:18:26.162-04:00Comments on Keith Leggett’s Credit Union Watch: Credit Unions Provide Good Lesson on Why Interest Rate Ceilings Are Bad Public PolicyKeith Leggetthttp://www.blogger.com/profile/14794334790117033547noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-319775530671726401.post-23729979112744932332010-03-18T14:17:39.217-04:002010-03-18T14:17:39.217-04:00I'm curious about the number of portfolios sol...I'm curious about the number of portfolios sold. How many are Federally chartered and how many are State chartered (with no cap)? I know many sold their portfolio because of other issues (growth restraints and capital requirements). I don't like the limitation on rates, but I disagree with your premise that the rate cap caused the sale.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-18833942296871022312010-03-17T13:19:56.813-04:002010-03-17T13:19:56.813-04:00You are correct about the statutory 15 percent. T...You are correct about the statutory 15 percent. To eliminate any confusion, I just referenced the 18 percent regulatory cap.Keith Leggetthttps://www.blogger.com/profile/14794334790117033547noreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-58849297599654645412010-03-17T12:48:27.445-04:002010-03-17T12:48:27.445-04:00Actually, Dr. Leggett, the cap is 15 percent per a...Actually, Dr. Leggett, the cap is 15 percent per annum with the NCUA Board given the authority to increase it for limited periods of time. Although, the Board has done so for 18 month periods for at least the last 17 years (my experiences with federal credit unions).Anonymousnoreply@blogger.com