December 22 2024

Yesterday’s NCUA Board Actions: Good News/Bad News/Bad News/Bad News

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There is general praise for NCUA’s expansion of the definition of a service facility, but criticism for the Board’s decision not to propose expansion of the population limit for MSAs. Trade association representatives are also critical of the Board’s use of the overhead transfer rate to cover all safety/soundness expenses, the approval of a 2-year budget and the lack of action on moving back to an 18-month exam cycle for low-risk credit unions. [11/20/15]

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