NCUA chairman tells Congress the agency measures reputation risk using objective qualitative assessment factors.
APCO's CFO says the WSJ reporter repeatedly told him the NCUA did not tell him to call.
The House Financial Services Chairman asks the NCUA to explain how examiners use reputation risk to judge safety and soundness.
Focus will particularly be on small institutions, agency says.
“Once you break that type of trust, there’s no turning back.”