Too Big For Your Britches

I am sure that I am not the only one that has noticed that it has been a pretty eventful last few months when it comes to enforcement actions. My inbox has been filled with a variety of blog posts and news alerts that recap the most recent dropping of the proverbial enforcement hammer. Most of the time it is one of the “big dogs”, so I don’t really think anything of it and move on to the next topic. But last week I was a little shocked when one of those news alerts had the words “Credit Union” in the subject line. By now I am sure most of you are aware of the recent happenings with Navy Federal Credit Union so I won’t bore you with a recap, but it did make me wonder how this could have happened.

See the full article on CUInsight.