ALEXANDRIA, Va. — NCUA appears to be following through with the agenda of greater emphasis on consumer protection that the Democratic Congress has signaled it wants.
Attorneys which work with credit unions and which met in conjunction with this year's annual meeting of the American Bar Association in San Francisco reported that NCUA examiners appeared to be putting greater focus on inspecting credit unions' procedures governed by the Fair Lending Act, according to Mary Dunn, CUNA's Deputy General Counsel who attended the meeting.
Dunn said the association had begun to consider how it could work with credit unions to help them prepare for the fair lending examination emphasis.
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John McKechnie, NCUA's Director of Public and Congressional Affairs, said the agency was not emphasizing fair lending as much as it was seeking to comply with the agenda that agency's oversight committees have put into place.
He pointed out that on July 25, Dave Marquis, director of NCUA's Office of Examination and Insurance, had testified on behalf of the agency before a hearing of the House Financial Services Committee's subcommittee on Oversight and Investigations about the use of home mortgage data in fair lending enforcement.
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