The Government Accountability Office probe into regulatorycapture among financial service regulators was expanded to includethe NCUA and other regulators, a key GAO official confirmedThursday.
“Supervisory independence is something all relevant entitiesshould be thinking about – we certainly think about it at GAO,”Lawrance Evans, the GAO's director of financial markets andcommunity investment, told CU Times.
In March, the GAO said it was investigating whether the New YorkFed was being too lax in supervising banks under its oversight.That probe came as a result of a request from House FinancialServices Committee ranking Democrat Maxine Waters (D-Calif.) and Rep. Al Green (D-Texas), ranking Democraton the panel's Oversight and Investigations Subcommittee.
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