WASHINGTON — NCUA has put renewed focus on credit union members, CUNA Deputy General Counsel and Senior Vice President Mary Dunn reported back from CUNA's Attorneys Conference in Jackson Hole, Wyo.
NCUA General Counsel Bob Fenner told about 125 credit union attorneys from around the country that NCUA has put the “focus on putting members first.” Issues the agency will be looking at but not necessarily issuing any rulemakings on include mutual savings bank conversions, mergers, and the adequacy of disclosures in private insurance. Additionally, NCUA is working on a final rule on the conflict of interest in eligible obligations and red flags from the Fair and Accurate Credit Transactions Act, as well as affiliate marketing.
As Credit Union Times previously reported, the agency has shifted focus over 2007 from regulatory relief to consumer protectionism, taking its cues from the current Democrat-controlled Congress.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
