The regulatory responsibilities of the NCUA should be handled bya newly created division of the Treasury Department and thereshould be separate entities to administer the NCUSIF and theCLF.
Those are the key components of a reform agenda outlined byCallahan & Associates, the Washington-based credit unionconsulting firm.
Doing credit union regulation out of the Treasury Departmentwill “address a fundamental flaw in the cooperative structure,’’the report said.
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