WASHINGTON — Saying that her goal is to "target risky behaviors in credit unions, not credit unions themselves," NCUA Chairman Debbie Matz on Sept. 19 announced that the agency will beef up certain safety and soundness regulations but ease up on others.
Later this fall, the agency plans to issue a proposed rule mandating loan originators to keep some risk on their balance sheets and require loan buyers to increase due diligence, she said during a speech to NAFCU's Congressional Caucus.
Matz also announced that next year the agency will issue a proposed rule limiting investment concentration for natural person credit unions that will be similar to rules enacted last year for corporate credit unions.
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