Investigation focuses on whether the NCUA attempted to mislead the public regarding its role in the Palm Springs FCU incident.
ALEXANDRIA, Va. — The NCUA removes the controversial provision from its new RBC rule, but NAFCU says exam concerns remain.
ALEXANDRIA, Va. -- NCUA agrees to pay for credit monitoring for Palm Springs FCU's members, staff time and legal fees.
Trade group advises NCUA to look internally for better ways to protect member data.
Chairman Debbie Matz also estimates the Palm Springs FCU breach will cost between $15K and $20K.
The NCUA Inspector General's 2015 plans also include a review of credit union financial statement audit requirements.
Inspector general will audit the NCUA's internal controls, transparency and leaks in Palm Springs FCU data loss.
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NCUA Vice Chairman directs staff to create guidelines requiring providing encrypted data to the agency, state examiners.
Agency acknowledges failures in loss of flash drive with personal info from members at Palm Springs FCU.