NCUA Board Member J. Mark McWatters calls the NCUA's legal argument supporting the authority weak.
Former board member says he seeks transparency following fraud scandal.
Candidate seeks answers after credit union posts millions of dollars in negative income.
CU Times readers say NCUA board debate produces better rules.
Chairman Matz and Board Member McWatters publicly accuse each other of violating a legal confidentiality agreement.
The NCUA Board approved a revised risk-based capital rule at the agency's Jan. 15 board meeting, which reduced the number of credit unions subject to the new capital requirements and lowered the well-capitalized standard by 0.5%.
CUNA makes available to members and the press an opinion it obtained in September 2014 that argues the NCUA's risk-based capital rule is illegal.
Federal Credit Union Act provides “interpretive flexibility” to implement a two-tier risk-based net worth system.
Kaufman & Canoles lawyers highlight which areas will undergo significant changes this year.
In a much-anticipated court ruling, a Minnesota federal judge said Dec. 2 that Target Corp. had a duty to protect debit and credit card information from cyberthieves.