New NCUA Board Member: Relationship With Credit Unions Should Not be Adversarial
New NCUA Board member Richard Metsger said that the relationship between NCUA and the credit unions it regulates should be cooperative, even though the parties may come to an issue from different perspectives. He added that the Agency is focused on ensuring that credit unions are sufficiently capitalized, are protected from interest rate and concentration risks, and have effective safeguards in place to protect against cyberattacks. [10/16]