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NCUA board members talks medallions, bank squabbles
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Banking
Tuesday, March 10, 2020
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At the recent Governmental Affairs Conference hosted by the Credit Union National Association in Washington, National Credit Union Administration board member Mark McWatters took the opportunity to directly address the sale of the agency’s taxi medallion loan portfolio – a move met by harsh criticism in some of the New York area.
He also discussed the recent feuding between the community banking and credit union industries, saying working together in good faith with mutual respect for the other would reflect strength, not weakness.
Read on for details from McWatters’ speech.
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