Regulatory Alerts2018-06-15 | DOF 5526605Added
Notice revoking the authorization granted to Union de Crédito Vidacredit, S.A. de C.V. to operate as a credit union
The National Banking and Securities Commission (CNBV) revokes the authorization of Unión de Crédito Vidacredit, S.A. de C.V. to operate as a credit union due to its failure to meet minimum capital requirements and its non-compliance with corrective measures. The revocation is based on the entity's failure to respond to a prior notice regarding violations of capitalization rules and its failure to implement required corrective actions, leading to a unanimous agreement by the Governing Board to dissolve and liquidate the entity.
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