In the ongoing saga over whether NCUA should be given authority to oversee third party vendors, officials with the agency now have one more feather in their cap.
In a lengthy report release July 2, the U.S. Government Accountability Office presented the NCUA with a Christmas in July present by again siding with the regulatory agency and suggesting that NCUA should, in fact, have the authorization to examine third party technology service providers used by credit unions, just as all the other regulatory agencies can.
NCUA Board Chairman Debbie Matz said it is time to close the regulatory blind spot so that NCUA may better protect credit unions.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 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.
