March NCUA Report Now Available

The National Credit Union Administration (NCUA) says the new March 2012 NCUA Report is now available online.  The report contains details from the agency’s webinar with Consumer Financial Protection Bureau (CFPB) director Richard Cordray.
More than 2,100 people registered for the live webinar, in which Cordray addressed regulatory concerns, including how the CFPB will process rules that must be finalized in order to comply with the Dodd-Frank Act.  Additionally, Cordray addressed the issue of predatory lending, explaining that the CFPB is looking closely at the business mode of payday lending.

Cordray also reviewed the process that the CFPB will use to select the CFPB’s CU Advisory Council.

Other topics covered in the March report include:
• Building wealth and deposits: opportunity for credit unions
• Board perspective: interest rate risk policy and program
• Trends in member complaints and consumer inquiries

Click here to access the March 2012 NCUA Report.