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Regulators Faulted In Big CU Failure Tied To Florida Real Estate Speculation

DEC 4, 2008 9:15pm ET

WASHINGTON – A new report issued Wednesday by the NCUA Inspector General’s Office cites both the federal regulator and the Michigan credit union supervisor for lax oversight in last year’s failure of Huron River Area CU, one of three credit union failures tied to a controversial real estate speculation scheme...

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