NCUA Issues Supervisory Guidance on Private Student Loans
NCUA has issued Supervisory Letter 13-CU-15 to provide guidance to its field staff about examining private student loans. The letter identifies the benefits of private student loans and also identifies the risks associated with this specialized type of lending. If you offer private student loans or are thinking about offering private student loans, this Letter provides valuable insight into how these programs will be reviewed. [12/10]