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                    [Title] => SLA group opposes budget law provision
                    [Summary] => An umbrella group of non-stock savings and loan associations yesterday expressed fear yesterday that their entire industry could collapse if a controversial provision in the 2003 budget law is not removed.


Leandro Bacud, president of the Confederation of Non-Stock Savings and Loan Association (CONSLA), also said billions in capital contributions and amortizations of their one million members are currently "stranded" in various loans and could not be collected because of the re-insertion of "Section 36" in the 2003 GAA.


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LEANDRO BACUD

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                    [Title] => SLA group opposes budget law provision
                    [Summary] => An umbrella group of non-stock savings and loan associations yesterday expressed fear yesterday that their entire industry could collapse if a controversial provision in the 2003 budget law is not removed.


Leandro Bacud, president of the Confederation of Non-Stock Savings and Loan Association (CONSLA), also said billions in capital contributions and amortizations of their one million members are currently "stranded" in various loans and could not be collected because of the re-insertion of "Section 36" in the 2003 GAA.


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abtest

SLA group opposes budget law provision

November 11, 2002 - 12:00am

An umbrella group of non-stock savings and loan associations yesterday expressed fear yesterday that their entire industry could collapse if a controversial provision in the 2003 budget law is not removed. Leandro...

Headlines