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.
Maybe credit unions should avoid words that begin with D. The industry has worked to increase its clout in Washington and made some progress.
The House Banking Committee focused on oversight and trying to undo or modify some of President Obama’s initiatives while the Senate Banking Committee focused on less sweeping efforts in 2011.
Democratic House members won’t pick a successor to retiring Rep. Barney Frank (D-Mass.) in the top spot on the House Financial Services Committee for a year, and it’s far from a sure thing that the member next in line, Rep. Maxine Waters (D-Calif.), will get the nod.
Dodd-Frank, CFPB architect leaving House after 30 years.