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NCUA meeting today to focus on task force report
ALEXANDRIA, Va. (5/22/08)--The National Credit Union Administration (NCUA) Board is scheduled to consider its Outreach Task Force's recommendations on data collection of membership profiles and services at its open meeting today. The Credit Union National Association (CUNA) has raised a number of concerns about the data collection, in light of credit unions’ anxieties as to how NCUA would treat the information, according to Mary Dunn, CUNA deputy general counsel. CUNA also has opposed the ability of examiners to micromanage credit unions with the data and has seriously questioned why NCUA must pursue the recommendations during this period of economic and regulatory uncertainty, Dunn added. No official comment period is expected for the data collection item. The board also will consider a proposal regarding the addition of underserved areas for multiple group credit unions. The rule was changed in 2006. “CUNA’s regulatory advocacy group and federal credit union subcommittee will scrutinize the proposal very carefully,” Dunn said. CUNA President/CEO Dan Mica will send a summary of the board’s action to NewsWatch readers shortly after the meeting. For a full NCUA agenda, use the link.
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