The NCUA board on Thursday agreed to issue proposed rules that would standardize the appeals process that credit unions may use if they disagree with agency actions.
The proposed rules would replace provisions that are scattered throughout the regulations governing credit unions, according to Ross Kendall, the agency's special counsel to the general counsel.
He said that in allowing certain appeals to the NCUA board, the agency would be at the forefront of financial regulators. He said, for instance, the FDIC requires certain appeals to use the judicial process, rather than the administrative review process.
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