Had the NCUA's proposed risk-based rule been in effect in 2007, it could have saved the NCUSIF as much as $180 million.
Credit unions that sued over medallions say they are holding their own.
H.R. 1151 champion says banks and credit unions should not be treated exactly the same.
As May 28 comment deadline looms, reaction runs deep to risk-based capital rule from NCUA.
Read why industry leaders think parity of Basel III is inappropriate for credit unions and what the NCUA should do instead.
As written, the NCUA's risk-based capital rule tilts the playing field toward banks.
If the NCUA's luncheon session at last week's NACUSO conference is any indication, Chairman Debbie Matz and crew could face hostile crowds during this summer's listening sessions.
NCUA Director of the Office of Examination and Insurance Larry Fazio explains the agency's controversial proposed rule.
Although the NCUA recently announced it is developing new exam procedures to improve the identification of fraud risk indicators, especially at small institutions, experts agree fighting fraud requires a team effort that includes active boards, strong supervisory committees and stiff internal controls.
The NCUA posted a three-part Consumer Protection Update on its consumer website MyCreditUnion.gov that explains new mortgage lending and international remittances rules required under the Dodd-Frank Act.