The National Credit Union Administration's (NCUA) decision not to go forward with a final CUSO rule was one of the best it has made in a long time – consistent with its new approach on Troubled Debt Restructurings (TDRs).
Several credit union leaders who spoke at the NCUA “Listening Session” in Orlando, FL last week said they are seeing improvements with their examiners, although some concerns about the examination process remain. About 80 people attended the session; most were from Florida but credit unions from Alabama, Kentucky, South Carolina, North Carolina, and Ohio were among those attending.
The 2012 Legislative Session came to a close on May 18. While arguably lacking in substance, three fourths of the 114 bills were passed during the last two weeks of session in a flurry of activity. In terms of the overall picture, there were 1,126 House bills filed of which 76 passed. Only 38 of the 506 Senate bills passed.