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NCUA approves NAFCU-backed exam appeals changes, proposes improvements to stress testing

first_img continue reading » The NCUA Board approved two NAFCU-supported proposals related to exam appeals, which the agency says will increase transparency and due process, yesterday during its open meeting. NAFCU President and CEO Dan Berger thanked the board for listening to credit unions’ concerns and making appropriate appeals process changes.“NAFCU and our member credit unions appreciate the NCUA Board’s commitment to easing regulatory burden,” Berger said. “These changes to the exam appeals process will simplify and improve the process for credit unions. We will continue our efforts to improve the regulatory environment to help ensure credit unions are able to grow and thrive.”One of the approved rules standardizes the appeals process for regulations that currently have their own review and appeals procedures. The other expands the number of supervisory determinations appealable to the agency’s Supervisory Review Committee and provides credit unions the opportunity for additional review by the director of the Office of Examination and Insurance. 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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