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News Now

Washington
Final NCUA listening session Exams reg burden redux
DENVER, Colo. (8/1/12)--As they have been in earlier meetings held across the country, regulatory burdens and examination issues were central themes at the National Credit Union Administration's (NCUA) July 31 listening session in Denver, Colo.

NCUA Chairman Debbie Matz was joined at the Denver session by NCUA staff, including Executive Director Dave Marquis, Director of Examination and Insurance Larry Fazio, NCUA examiners and regional representatives.

Around 80 credit union and corporate credit union employees attended the listening session, which was the sixth and final listening session planned this summer. The sessions were held, in part, to create an open dialogue between the agency and those it regulates.

Attendees again suggested how the NCUA could improve its examination process, and the importance of communication between examiners and credit union staff was emphasized by NCUA staff and credit union representatives.

The NCUA's recently released liquidity proposal, and the future of the agency's Central Liquidity Facility, were also discussed during the session.

Previous listening sessions included discussions of the increasing trend of small credit union mergers, Low Income Credit Union designations, overdraft fees, interchange, member business lending and related waivers, loan participations, and the agency's recent decision to eliminate its regulatory flexibility rule and extend similar management and investment rights to all credit unions.

The Credit Union National Association and its examination and supervision subcommittee will follow up with the NCUA on key issues brought up during these listening sessions.


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