Search
 

NCUA to Keep Power Under Restructuring Plan

The NCUA would "maintain its authorities with regard to credit unions," according to a draft of the Obama administration's regulatory restructuring plan that is scheduled to be released later today.

By Claude R. Marx | Updated on June 16, 2009

The NCUA would “maintain its authorities with regard to credit unions,” according to a draft of the Obama administration’s regulatory restructuring plan that is scheduled to be released later today.

It’s not clear from the proposal, however, how much of the agency’s power to regulate consumer products would be usurped by the new Consumer Financial Protection Agency that the administration is proposing. Currently, many consumer regulations are issued jointly by the Federal Reserve, the NCUA, the FDIC, the Office if the Comptroller of the Currency and the Office of Thrift Supervision.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Recommended Stories

Hate Is Too Lucrative

Hate Is Too Lucrative

Michael Ogden |

As some organizations unfortunately profit off of dangerous ideologs, the goodness of credit unions is not going unnoticed.

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.