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FSOC Renews Call for NCUA Control Over Third-Party Servicers

The council argues granting the agency such control would help streamline state and federal regulation.

By David Baumann | Updated on December 15, 2017

Once again, the Financial Stability Oversight Council is calling on Congress to give the NCUA examination and enforcement powers over third-party service providers.

The NCUA is among the few financial regulators that does not have such powers, the FSOC said in its 2017 report, released Thursday. The council said granting the agency the supervisory power would assist in coordination among state and federal regulators.

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David Baumann

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