With the calendar officially in the fourth quarter, we continue our tradition of scrolling back through the pages of the Reporter’s Notebook and sharing any item where we have been able to decipher the handwriting.
THE 'tude
With the recent nomination of Tanya Otsuka to the NCUA Board, the end of Board Member Rodney Hood’s second tour on the board is coming into focus.
Advocacy. Advocacy. Advocacy. You’ve heard it constantly. I’ve reported it.
This fall marks the end of the Department of Education’s COVID-19 student loan forbearance program, which means that roughly 43 million borrowers with federal student loans will be expected to start payments again in October, posing a major setback in the fight to close the racial wealth gap
In anticipation of the NCUSIF update NCUA’s most recent board meeting, I described several topics of vital importance. These included the fund’s operating stability, the investment lag from market rates, the loss reserving level and the reliability of projections of future performance.
We applaud the NCUA board for its sensible and well thought out approach to regulation.
With the term of Rodney Hood now expired, sometime in the near future the NCUA board should be getting a new member, and when it does here’s what I suggest it put atop its list of priorities: Require credit unions to publicly disclose what they are paying for all the banks they’ve been buying.
St. Lawrence is the largest county in New York State.
We are raising funds to provide temporary lodging for Bashir Khan and his family who have fled Afghanistan after persecution by the Taliban.
Homeownership is critical for wealth generation and is a key factor in the racial wealth gap. Each additional year of homeownership increases a household’s total net worth an average of $13,700.