NOT FOR REPRINT
Page Printed from: cutimes.com/author/profile/david-baumann/?page=18
Sign In To follow
Experts are watching a new class of financial criminals and victims being created during the pandemic.
The bill that failed included some credit union priorities, including a new round of PPP loans.
While the survey is optional, an NCUA official says the agency might decrease credit union fees in exchange for participation.
CU trade groups have a growing list of items they are pushing for as Congress returns with other priorities and Election Day approaches.
The organization also reaffirms the importance of the dual chartering system for state and federal credit unions.
Concerning CUSOs, the IG warns "deficiencies in their operations could cause significant widespread financial disruption."
"The lenders are the first line of defense against waste and fraud."
CUNA, NAFCU and NASCUS all send letters to the NCUA raising concerns about exam consistency, especially during the pandemic.
On what basis can a federal agency decide to use a secret process to award a bid that involved hundreds of billions of dollars?
Without clarification, federally-chartered credit unions would be the only not-for-profits not eligible for the tax relief under the new law.