President Obama announced that he is ordering all federal departments and independent agencies to review all existing regulations to ensure they don't stifle economic growth.
More work preparing for exams and additional compliance requirements throughout the year.
The NCUA's proposal to limit golden parachutes and indemnification payments is overbroad and would place unnecessary restrictions on credit union boards, according to
In the regulatory equivalent of telling Santa what you want for Christmas, the credit union trade associations have all written the NCUA recommending changes on everything from insurance rules to lending rules.
KPMG gave the NCUA an unqualified audit but found material weaknesses in the reporting and documentation methods.
Proposed new regulations on mergers and mutual bank conversions encroach on state autonomy,
The NCUA should spell out its procedures for finding potential assisted merger partners in a proposed rule and also be more forthcoming about the agency's role in ensuring a merger's success.
The proposed size of the community is too small, the definition of rural is too arbitrary and the requirements on marketing plans are too burdensome.
Allowing credit unions to raise supplemental capital that is counted toward net worth requirements is an "appropriate policy consideration,"
An independent consumer financial regulator might be less sensitive to the safety and soundness implications of potential new rules than one housed inside the Federal Reserve.