NCUA Board Member J. Mark McWatters called for a rule that would address exam appeals.
In his column in the December issue of The NCUA Report, McWatters noted that an NCUA Inspector General report said the agency received an average of six exam complaints to regional offices each year from 2007 through 2011, and during that four-year period, only two appeals were elevated to NCUA headquarters.
"In 2011, (the) NCUA supervised over 7,000 credit unions," McWatters wrote. "What accounts for such a low number of exam appeals, particularly during the financial crisis? Is it the result of examiner performance or were other factors present? A murky process? Fear of retaliation?"
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