The Senate Banking Committee plans to provide "continued oversight" of the NCUA's corporate stabilization efforts, according to the panel's two-year oversight plan issued by Chairman Tim Johnson (D-S.D.).
The panel also plans to review prompt corrective action and net worth standards for credit unions, limits on member business loans and the issue of insuring interest on lawyers' trust accounts at credit unions.
In the memo, Johnson wrote that "some of these [issues] will be adequately addressed through oversight hearings, while others may require legislative action."
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