While industry representatives said new legislation on financial institution exams is sorely needed, an NCUA executive more than begged to differ.
Rep. Mel Watt assails NCUA executive director during House hearing on exam measure, says agency "way beyond" its authority.
CAMELs aren’t usually a source of controversy in a place known for basketball and tobacco. At issue is the NCUA’s fight with state regulators over the release of the CAMEL rating of State Employees Credit Union.
The NCUA says it's protecting the system. Critics say the agency is protecting itself. Check out this print preview from next week's print edition of Credit Union Times.
Region III director calls CAMEL disclosure "unacceptable release" that could threaten NCUSIF and depositors.
CEO says CU pays $300,000 yearly to keep member data safe.
Credit unions should set aside between 8 and 11 basis points for next year’s assessment to pay for the corporate credit union rescue, NCUA Chairman Debbie Matz advised last week.
The nation’s second-largest credit union said it is publicly disclosing its CAMEL score as a show of transparency to its 1.7 million members.
Republican presidential candidate and Texas Gov. Rick Perry recently threw his support behind increasing the member business lending cap.
New state law restricts CU ability to ban guns from parking lots.