WASHINGTON — NCUA has put renewed focus on credit union members,CUNA Deputy General Counsel and Senior Vice President Mary Dunnreported back from CUNA's Attorneys Conference in Jackson Hole,Wyo.


NCUA General Counsel Bob Fenner told about 125 credit unionattorneys from around the country that NCUA has put the “focus onputting members first.” Issues the agency will be looking at butnot necessarily issuing any rulemakings on include mutual savingsbank conversions, mergers, and the adequacy of disclosures inprivate insurance. Additionally, NCUA is working on a final rule onthe conflict of interest in eligible obligations and red flags fromthe Fair and Accurate Credit Transactions Act, as well as affiliatemarketing.


As Credit Union Times previously reported, the agency hasshifted focus over 2007 from regulatory relief to consumerprotectionism, taking its cues from the current Democrat-controlledCongress.

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