Clifford Rosenthal blasts industry's treatment of NCUA nominee.
Clifford Rosenthal, CEO of the National Federation of Community Development Credit Unions, is leaving the federation to take a position with the Consumer Financial Protection Bureau.
The disagreement between financial institutions and regulators over changes in the exam process may not be resolved on Capitol Hill any time soon.
Some industry sources say Senate Banking Committee might pair nomination with Carla Decker bid for NCUA.
The examination process at the NCUA went on trial last week. Not before a court but before Congress, though it could end up in court, too, if legislation in Congress makes it through to law. The Financial Institution Examination Fairness and Reform Act (H.R. 3461) would create an ombudsman within...
The examination process at the NCUA went on trial last week. Not before a court but before Congress, though it could end up in court, too.
The hearing will take place the day after Valentine’s Day, but there probably won’t be any candy and flowers for the witnesses.
So much to do, so many potential distractions. That’s the outlook facing Congress as it returns to work after its holiday break.
The NCUA said last week that it plans to withdraw a request to extend its program for the monthly collection of financial performance and executive compensation data for large Region 3 federally insured credit unions.
Program initiated after collapse of Eastern Financial CU and its 2009 merger into Space Coast CU.