A bill to revamp the examination process and allow appeals to an administrative law judge would raise NCUSIF premiums, give examiners less flexibility and raise administrative costs, NCUA Executive Director David Marquis told lawmakers on Wednesday.
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In testimony Wednesday before a House subcommittee Marquis said the bill's provision that creates additional appeals processes would add more regulatory layers that would increase costs without any assurance of greater effectiveness.
"Again, this change would cause examiners to fully document each and every finding, and examination costs would increase,'' he said.
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