Congress hasn't scrutinized the NCUA's handling of the problems at corporate credit unions very much.

That's about to change.

In the waning days of the last Congress, lawmakers approved a bill that gives the NCUA extensive new regulatory powers. But the bill also requires that the Government Accountability Office-Congress' investigative arm-take up to a year to investigate how the NCUA handled the corporate credit unions' woes.

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

  • 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.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.