ARLINGTON, Va.—Rather than hire new examiners, the NCUA is training existing staffers to check cybersecurity risk.
Tim Segerson, deputy director in the NCUA’s Office of Examination and Insurance, told executives attending the American Credit Union Mortgage Association conference in Las Vegas Sept. 25 the agency continues to explore how credit unions can mitigate real estate loan risk.
Solution to come from use of many options, Segerson suggests.
Webcast to focus regulatory and consumer changes.
The full effect of the Dodd–Frank Wall Street Reform and Consumer Protection Act is still to be felt in the financial sector. Dodd-Frank creates an environment of increased scrutiny and heightened sensitivity by regulators and consumers.
Credit unions pose diverse regulatory challenge, but some things apply to all sizes.
A week after super storm Sandy slammed into the East Coast, New Jersey Gov. Chris Christie looked ahead to preparations for a nor’easter that was due to dump snow and rain on the already reeling Northeast.
Disasters and missteps are just some of the highlights in this early look at our Year in Review print issue out next week.
The NCUA’s proposed rules on emergency liquidity, CUSOs and loan participations aren’t likely to be finalized until late 2013, if at all next year, said Deputy Director of Examination and Insurance Tim Segerson.
Credit unions awaiting NCUA final rules on emergency liquidity, CUSOs and loan participations can breathe easy until late 2013.