NCUA Board Chairman Debbie Matz today opened registration for her second Listening Session.
WASHINGTON — As a former vice president in charge of operations and compliance for a credit union, NCUA Chairman Debbie Matz said she knows what it feels like to be regulated.
Credit unions could accept supplemental capital that wouldn’t be insured by NCUSIF and would be subordinated to other claims, according to provisions of a bill introduced by Rep. Peter King (R-N.Y.) and Rep. Brad Sherman (D-Calif.).
Except for Newt Gingrich’s two mischaracterizations, credit unions haven’t come up as an issue in this election campaign so far.
Chairman Debbie Matz says there "are no essential board action items to publicly consider at this time."
Approximately 45% of federally insured credit unions would have to develop interest rate risk management policies that include extensive use of risk measurement systems and internal controls, according to a rule approved by the NCUA Board at its Jan. 26 meeting.
Approximately 45% of federally insured credit unions would have to develop extensive new interest rate risk management policies, according to a rule issued by the NCUA on Thursday
CUNA chief Cheney calls proposed law "firm step in the right direction."
Chief regulators will speak and answer questions.
Letter from Chairman Matz says industry is "turning corner" but that troubling trends remain.