Regulatory burden is real and is slowly crushing the credit union movement.
The proposed annual report requires data that could be gained from existing call reports.
Former NCUA Board Member Michael Fryzel advocates for further regulatory relief by the NCUA and other agencies.
The NCUA is reviewing the second quarter violators to determine how many have mitigating circumstances that would wave penalties.
Attorney Michael Bell predicts potentially a hundred such transactions.
On the heels of an ICBA survey about bank call report burdens, CUNA will measure the impact of 5300 reports and Form 4501A.
NCUA Board Member Metsger explains why he spearheaded a proposal that would eliminate the 5% fixed assets cap.
Blaine says he prefers CFPB to NCUA. Cheney opposes leaving just one credit union under CFPB supervision.
ALEXANDRIA, Va. —The NCUA Board on Thursday approved a proposed rule that would eliminate the 5% fixed assets cap.
Burdensome call reports are also a problem for credit unions, says a credit union executive at an NCUA Listening Session.