The Credit Union National Association believes the NCUA has not moved quickly enough to grant an 18-month exam cycle to credit unions with $3 billion or less in assets.
Regulators will continue to issue guidance to articulate general views on appropriate practices, but they will not issue enforcement actions based on violations.
The National Credit Union Administration is set to vote on revisions to its field-of-membership rule, even as it's entangled in a legal dispute with the American Bankers Association over the rule.
A recent Washington Post investigation revealed that J. Mark McWatters runs the National Credit Union Administration from his home in Dallas, raising questions about his being tapped to head the consumer agency.
