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Reply to "Woah, Navy Federal is hella racist"
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[quote=Anonymous][quote=Anonymous]Yeah, I'm following it too. Its terrible. Glad it got exposed. I think credit unions skate under the radar on these areas that the big banks have to manage meticulously due to regulation and oversight. [/quote] Credit unions still have to comply with Fair Lending Act and CRA. But NCUA is such a weak and out-of-their-depth regulator compared to the FRB, OCC, or FDIC. And with these super sized credit unions, like NavyFed, they are becoming a big concentration of risk.[/quote]
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