The ICBA says high legal fees paid by the NCUA to failed corporate credit unions is "rank incompetency."
The NCUA's McWatters concedes the legal fees paid for corporate credit unions are excessive.
Credit union leaders react to the NCUA's reorganization move announced last week.
The NCUA announces a reorganization including the closing of two regional offices.
The NCUA board seeks comments on a plan to close the Stabilization Fund and increase the operating levels of the Share Insurance Fund.
Largest consolidations occur in Washington, California and North Dakota; two credit unions merge because of poor financial condition.
The NCUA board meets next week and will discuss soliciting comments on the corporate stabilization fund.
JPMorgan Chase files a lawsuit against the NCUA for breaching a $1.4 billion settlement.
The NCUA's McWatters asks CFPB's Cordray for conditional exemption for largest CUs from examination and enforcement authority.
The NCUA releases a list of former credit union employees who are banned from federally-insured financial institutions.