NCUA Considering Increasing Small Credit Union Cap
Larry Fazio, director of examination and insurance for NCUA, told the Senate Banking Committee yesterday that the agency is looking at raising the cap for the definition of a small credit union from $50 million to $100 million, which could allow up to 77% of credit unions future regulatory relief. Fazio also urged Congress to give NCUA broader examination and enforcement authority over third party vendors. [2/11/15]