NCUA Region V Director Liz Whitehead addressed participants at the NWCUA’s June Leadership Symposium and stressed the importance of open and frank dialogue between credit unions and examiners.
The weekly Regulatory Advocacy Update outlines the NWCUA’s efforts to reduce the regulatory burden on credit unions and protect the larger movement. Included here is an update on the NCUA’s new draft National Supervision Policy Manual.
The CFPB has issued exam procedures for the SAFE Act, and the NCUA, DCBS and DFI are all likely to use these procedures to inform their own examinations.
The CFPB released its official Mortgage Origination Examination Procedures, which will serve as a “field guide for CFPB examiners” as they examine mortgage originators in all sectors of the financial services industry.
The NWCUA recently completed a series of roundtables with small credit unions. Some of the hottest issues included examination practices, regulatory burdens, insurance, National Credit Union Administration (NCUA) accountability, and field of membership.
The Governmental Affairs Forum addressed many pressing issues at the state and federal levels including due diligence, new programs, shortened exam cycles, and policy documentation.
Sponsored by NCUA’s Office of Examination and Insurance and the Office of the Chief Economist, the webinar is free and will facilitate credit unions’ understanding of the 2006 Interagency Policy Statement on the topic.