Eighty-four credit unions face fines up to $106K for late call reports. Fighting the NCUA could cost them.
While directors should be continually asking why, they should also stay out of daily operations.
In response to questions raised by an investigation into the FDIC's Operation Choke Point, NCUA Board Chairman Debbie Matz said the NCUA does not directly consider reputation risk in its supervisory actions.
Watch NCUA Chairman Debbie Matz discuss proposed rules approved Thursday by the board.
Proposed rules approved by the NCUA board would make credit union securitized loans more marketable.
An employee tells Congress CFPB officials direct examiners to find violations even if none occur.
NCUA chairman tells Congress the agency measures reputation risk using objective qualitative assessment factors.
Operation Choke Point investigation could result in better transparency for all financial regulators.
Some asset classes in the NCUA's risk-based capital proposal, like consumer loans, have better risk weights than Basel III.
Payday lenders sue bank regulators over examiners' use of reputation risk designed to shut them out.