NEWPORT BEACH, Calif. — The NCUA is "very much in favor of indirect lending," according to Victoria Bennett, an agency Region V lending specialist.
However, Bennett was quick to clarify May 11 during a CU Direct Lending Conference session titled "Balancing Risk with Rewards of Indirect Lending" that "we're just concerned that it's a well-run program."
Bennett cited a number of red flags to risk the agency would be scrutinizing, from the strategic to the transactional to credit.
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