The NCUA set Aug. 1 as the deadline for public comment on possible changes to the supervision and exam process, the agency announced Tuesday.

"[The] NCUA is on a fast track to update its examination and supervision procedures, and we want input from as many people as possible," NCUA Board Chairman Rick Metsger said.

The agency has announced it intends to adjust the exam cycle for certain credit unions within the next two months.

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