Regulatory & Compliance

The Office of Inspector General reports the NCUA failed to follow basic contracting rules, exposing it to fraud and abuse.

Credit union leader testifies that "antiquated and arbitrary" lending caps are barriers to participating in SBA programs.

When it comes to enforcing the Bank Secrecy Act, credit union official says, "We are not law enforcement agents."

A House subcommittee approves measures to cut CDFI by 23% and makes the CFPB and NCUA subject to appropriations.

A spending plan unveiled Wednesday includes Financial CHOICE Act provisions including NCUA and CFPB be subject to appropriations process.

Credit union trade groups allege that the CDFI program is biased toward non-credit union and non-bank recipients.