Edward Yingling
Edward Yingling
amplified banking begin charter commerce commercial concerns door entering industrial loan mixing represents
Our concerns about mixing banking and commerce didn't begin with the Wal-Mart application; they were just amplified by it. The industrial loan charter represents a back door through which commercial firms are entering the banking business.
helped lengthy process produce six
It's been six years in the making, but the lengthy legislative process has helped to produce a thorough, well-thought-out bill.
credit criteria establish income meaningful mission served sure system wants whether
But if NCUA really wants to make sure low- and moderate-income individuals are served by credit unions, it would establish meaningful criteria and a system for assessing whether the mission is being accomplished.
appreciate banks coverage customers enhanced fund money pencils pleased
Banks -- which completely fund the FDIC, from its pencils to premiums -- will be pleased to see their money better spent. And customers should appreciate enhanced coverage levels.
act bank both continue credit large managers tax time trying unions ways
We are not after customers. We are after the managers of large credit unions that are trying to have it both ways -- act like a bank but at the same time continue to use the credit union tax subsidy.
point risk run wall
We're at a point where if policymakers (regulators and Congress) don't act, you run a real risk that the wall will crumble.