LAKE BUENA VISTA, Fla. — NCUA Board Member Rick Metsger and three NCUA staffers spoke on rules affecting CUSOs to a packed house.
Security programs, loans in flood zones and other rules among agency's rolling review of all regulations for federal credit unions.
The three regulatory attorney new hires are in response to increased regulatory assistance demand from members, NAFCU CEO Berger says.
NCUA OIG report on $7M NCUSIF loss says regulator should ask Congress for access to independent audit reports, circumventing credit union management.
Is loan regime split dollar snake oil or liquid gold? How is a board to know? If it works, LRSD is a powerful tool for compensating key executives and preserving credit union assets. If it doesn’t work, the costs to the credit union and the participating executives are high.
Four of five hit this week with agency bans stole from credit unions where they were the sole employees.
Three of four bans involved thefts that took down the small institutions.
Oklahoma, Texas credit unions taken down by internal fraud; managers banned by NCUA.
NCUA Inspector General William DeSarno told House Oversight and Government Reform Chairman Darrell Issa (R-Calif.) in a letter that amounts paid to attorneys working under contingency contracts on securities fraud suits are reasonable and are not unnecessarily high.
NCUA inspector general responds to California congressman's concerns about legal fees for Wall Street suits over securities losses.