WASHINGTON — As a former vice president in charge of operations and compliance for a natural person credit union, NCUA Chairman Debbie Matz said she knows what it feels like to be regulated.
The NCUA's goal is to reduce compliance burdens whenever possible, Matz told a general assembly audience Monday morning at CUNA's GAC at the Washington Convention Center.
"However, we've all seen the unthinkable happen. We've seen credit unions that were shining stars 10 years ago that no longer exist today," Matz said. "That's why we can't give credit unions a free pass when it comes to safety and soundness."
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 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.
