Stephen Lee Fincher: “I must say I have grave concerns about the legislation before us today.”

We support a risk-based capital system for credit unions that would reflect lower capital requirements for lower-risk credit unions.

I do agree that the greatest danger here is leaving the small investor without advice.

It is really proof positive that whatever the OCC has done is not adequate to make you realize the level of your offenses here.

You have up to 2 million separate accounts being opened, up to 565,000 bogus credit cards being opened by your employees in secret against your customers.