The NCUA should cut back on the frequency of some of its examinations and should streamline its regulations.
While that's a message that usually originates from the offices of CUNA and NAFCU, this time it's coming from a group of state regulators.
"Last year, NCUA announced its intention to send federal examiners annually to every FISCU (federally insured state-chartered credit union] with assets in excess of $250 million, regardless of the CAMEL rating or condition of the institution," NASCUS President/CEO Mary Martha Fortney wrote in a letter to NCUA Chairman Debbie Matz.
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