NCUA Revamps Credit Union Oversight After Big Growth

Law360, Washington (July 26, 2012, 3:43 PM EDT) -- The National Credit Union Administration announced Thursday that it would reorganize its oversight practices to focus more resources on credit unions with more than $10 billion in assets, saying time spent supervising individual entities should be proportional to their size.

The new Office of National Examinations and Supervision will oversee consumer credit unions with assets of upwards of $10 billion as well as all corporate credit unions. NCUA board chairman Debbie Matz said the agency's oversight practices had to adapt with the massive growth the credit...
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