FFIEC has also released a revised information security booklet. Plus, the latest Legal Briefs and your compliance question of the week.
Bauer Financial and Thomson Reuters Bank Insight found that 16 percent of Oregon and Washington-based banks are considered problematic or troubled.
At its final open meeting of the year, the NCUA board of directors approved the 2013 TCCUSF oversight budget, approved two credit unions’ requests to convert to community charters and adopted two final rules.
In the interest of greater transparency, CAMEL ratings will be disclosed to federally-insured state credit unions when the NCUA examiners perform insurance reviews.
Bauer Financial and Highline Financial found that 26 percent of Washington-based banks and 20 percent of Oregon-based banks are considered problematic or troubled.
The proposal would replace these ratings with either narrative standards or a credit unionâ€™s own internal standard.