CUNA has written a polite but firm letter to the NCUA asking theagency to go ahead and implement some changes to its examinationprocedures that are called for in legislation that has beenintroduced but not yet passed.
CUNA noted that Reps. Shelley Moore Capito (R-W.Va.) and Carolyn Maloney(D-NY) had introduced legislation, HR 3461, meant to help financial institutions appeal directivesfrom their regulatory examiners, and the association urged theagency to consider aspects of that legislation that it couldimplement without the legislation having been made law.
“We urge NCUA to consider how certain provisions of the billcould be implemented outside of the legislative process,” theassociation wrote in its March 30 letter.
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