The full effect of the Dodd–Frank Wall Street Reform and Consumer Protection Act is still to be felt in the financial sector. Dodd-Frank creates an environment of increased scrutiny and heightened sensitivity by regulators and consumers.
Credit unions pose diverse regulatory challenge, but some things apply to all sizes.
The NCUA’s proposed rules on emergency liquidity, CUSOs and loan participations aren’t likely to be finalized until late 2013, if at all next year, said Deputy Director of Examination and Insurance Tim Segerson.
Credit unions awaiting NCUA final rules on emergency liquidity, CUSOs and loan participations can breathe easy until late 2013.