In an unusual session scheduled for last Friday, the NCUA Boardwas slated to hear a report on the financial health of theNCUSIF.
|Since the meeting was held after Credit Union Timeswent to press, the results will be available atwww.cutimes.com.
|The insurance fund has been hurt in recent months by theincreased rate of liquidations and assisted mergers. During theheight of the recession, then-NCUA Chairman Michael Fryzel beganthe practice of monthly reports on the NCUSIF.
|The board was also scheduled to vote on a measure to withdrawthe rules issued by the agency and other financial servicesregulators last year aimed at regulating what they constitute asunfair or deceptive acts and practices.
|The proposed regulations have been superseded by the CARD Actthat Congress passed last year.
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