Op-Ed by Florida’s OFR Commisioner encourages education

In an Op-Ed that appeared in Monday’s Pensacola News Journal, Drew J. Breakspear, commissioner of Florida’s Office of Financial Regulation, wrote about the importance of empowering youth to ensure a sound economic future. According to Breakspear, a financial literacy study conducted by leading research organizations indicates “young people in developed countries (including the United States), […]

Court awards substantial interest payment atop judgment for NCUA

NCUA recently settled on a $29 million offer of judgment from Credit Suisse as partial recompense for poorly funded residential mortgage-backed securities purchased by two failed corporate credit unions — Members United and Southwest Corporate Credit Unions. On top of that agreement, a court added $21.3 million in prejudgment interest. The Swiss banking institution also will be […]