The NCUA released Letter to Federal Credit Unions 13-FCU-02 Tuesday, which outlines a number of developments in the NCUA’s Fair Lending Examination Program, including new educational and compliance tools and the institution of off-site supervision contacts in certain instances.
The NCUA outlined its primary areas of focus for examiners in the January edition of the NCUA Report, and the agency also plans to provide more information and better guidance to credit unions to clearly set exam expectations.
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Small, well-run credit unions will see less of Federal examiners starting in 2013 as the NCUA reallocates resources to focus on the largest credit unions.
Doug Lacy-Roberts, long-time Washington State Division of Credit Unions examiner, has been promoted to the Department of Financial Institution’s Credit Union program manager, overseeing the examination and supervision of state credit unions.
The NWCUA’s Regulatory Advocacy team works with state and federal regulators to help reduce the regulatory burden on credit unions and protect the credit union movement. Included here are updates on the Oregon DCBS and the CFPB.
The Consumer Financial Protection Bureau recently released a manual to aid the agencyâ€™s examiners as they oversee financial services firms.