Matz Says Reputation Risk Alone Will Not Trigger NCUA Enforcement Action
NCUA Chair Debbie Matz told the members of the House Financial Services Committee that concerns about reputation risk alone will not trigger enforcement action. However, she added that while the agency would not force a credit union to change its business practices solely due to a concern about reputation risk, the examiners would address any safety and soundness concerns that may be an underlying factor in causing the reputation risk. [6/16/14]
