Credit Union Exam Solutions Presents With Flying Colors

Getting Your Exam Timely? NCUA Board Talks About this & More

6 snips
Jan 22, 2024
Dive into the latest from the NCUA board meeting, where fair lending and consumer compliance took center stage. Discover how leadership changes may influence regulatory balance and the push for timely exam report delivery. With rising fair lending exams on the horizon, the importance of navigating NCUA processes becomes crucial. Get insider tips on avoiding potential pitfalls and learn about the complexities of exam preparation from industry veterans. This is essential listening for anyone facing NCUA scrutiny!
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INSIGHT

NCUA 2024 Priorities

  • The NCUA's 2024 priorities include fair lending, consumer compliance, and vacancy rates.
  • These were discussed in the first board meeting of 2024, also Tanya Otsuka's first meeting.
INSIGHT

Harper's Focus on Consumer Protection

  • Chairman Harper emphasizes consumer financial protection on par with safety and soundness.
  • The NCUA will increase fair lending exams from 50 to 60 to ensure compliance.
INSIGHT

Achieving Fair Lending Exam Targets

  • The NCUA aims to achieve the increased number of fair lending exams through two methods.
  • These methods are standalone exams and expanded scope for larger credit unions (specifically $5-10 billion).
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