Credit unions deserve more respectful authority from examinersthan “because I said so.”

That's the message CUNA is communicating to the NCUA as thetrade attempts to convince the regulator to implement changesmandated in HR 3461, the Financial Institutions Examination Fairness and Reform Act,said Mary Dunn, CUNA's senior vice president for regulatoryadvocacy and deputy general counsel.

Dunn told the story of a member credit union that wishes toremain anonymous for fear of examiner retaliation. During its exam,the CEO asked the NCUA examiner why he was requiring a specificsolution to an exam exception.

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