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SAN DIEGO — Attendance at credit union attorney Mitchell Klein’s educational session regarding third-party due diligence, despite stiff competition from perfect San Diego weather on a Friday afternoon, underscored the importance of the subject matter.

Klein, who is senior vice president and general counsel for $3 billion Police and Fire FCU, said the NCUA isn’t kidding when it says it will review vendor due diligence this year; in fact, Klein’s Philadelphia-based cooperative is scheduled for an audit this month, and examiners have already requested the information.

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