JULY 27, 2018
Prescott Lovern, Sr. (Lovern) warned the NCUA during the OBAMA Administration about credit unions they regulate who issue MasterCard (MC) and/or VISA credit cards, like Navy Federal Credit Union; that the credit unions are not complying with federal law regarding disclosure of transaction fees prior to opening the account[s].
NCUA’s general counsel, after lying about how long he had been at the NCUA, went off on Lovern when he was told that he and the NCUA has been participating in bank fraud, wire fraud, mail fraud, money laundering, and additional federal felonies. Lovern will seek to have him disbarred. He is a Obama holdover.
The Obama Administration covered-up the massive criminal enterprise involving banks, regulators, and credit unions that has liability that far exceeds $100,000,000,000,000. [That's trillions]. The NCUA covered it up and now is again trying to sweep it under the carpet.
The regulators think they can get away with massive fraud because they are regulators. The NCUA has until Noon Monday, EDT, July 30, 2018, to stop the illegal conduct or be held accountable via every legal remedy available.