Twenty-six credit unions were subjected to fair lending compliance examinations in 2013, according to the NCUA's 2013 Annual Report, released Monday. In total, the NCUA's Division of Consumer Compliance Policy and Outreach spent 5,334 hours examining the credit unions, at an average of 205 hours per credit union.
Additionally, the NCUA initiated 41 off-site fair lending contacts, for a total of 902 hours.
"During these contacts, NCUA staff reviewed credit unions' fair lending policies and provided recommendations to bring them into compliance," the annual report said.
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