A report says the bureau successfully takes rules’ impact on small businesses into account as per Dodd-Frank.
An increased regulatory burden has not dissuaded credit unions from originating and servicing mortgages at least as much as they have in the past.
The total share of residential mortgages serviced by credit unions rose from 3.1% in 2008 to 5.7% in 2015.
The share of home mortgages serviced by nonbanks jumps from 6.8% in 2012 to 24.2% in 2015.
Iowa’s King accuses the NCUA of weak oversight and says the credit union tax exemption will cost $10B over five years.
Thirty-one credit unions remain in Treasury's Community Development Capital Initiative.
More than 5.5 million flood insurance policies are in place in 20,556 participating communities nationwide, but not everyone is eligible for the program.
The GAO is including the NCUA in its probe of regulatory capture among financial regulators.
A new report reveals 30% of CFPB employees don't believe a culture of accountability exists for all agency employees.
The bureau lacks policies that ensure the full accuracy of its financial statements, the GAO reports.