The Cooperative Credit Union Association is asking National Credit Union Administration Chair Debbie Matz to return to an 18-month examination cycle saying, in part, that less frequent exams will help examiners concentrate on problem areas.
Six federal agencies published guidance last week designed to ensure all depository institutions are aware of expectations when it comes to deposit reconciliation. CUNA’s compliance explains what it means for credit unions in a recent CompBlog post.
CUNA is concerned with a report on consumer testing used by the CFPB to analyze periodic statement forms for consumers in bankruptcy, but concurs with some of its findings. The bureau issued a report in February on its study.