Sept. 10, 2012 – The most-read story published by NAFCU Today last month was a report on NAFCU’s Aug. 8 webcast on NCUA’s examination process with Examination and Insurance Director Larry Fazio.
The story (and webcast) followed by just about two weeks NCUA’s announcement of a reallocation of examiner resources to establish its National Examinations and Supervision Office. The NES office will focus on the largest credit unions – natural person credit unions with more than $10 billion in assets and corporate credit unions. The office will open Jan. 1, but NCUA doesn’t expect processes to change until 2014.
For September, the top-read NAFCU Today story, as of Friday, was on NCUA’s filing of a lawsuit against UBS Securities. The agency says UBS acted illegally in its representations to the now-defunct U.S. Central FCU and Western Corporate FCU when it sold them $1.1 billion in residential mortgage-backed securities.
The 10 top-read stories from August are as follows:
- NCUA exam focus shifts with trends (8/9)
- CFPB rule exempts 100 remittances (8/8)
- Bank fined over student debit-card program (8/10)
- SCRA mortgage protection extended (8/24)
- 1,003 CUs notified of low-income designation (8/8)
- January target for final mortgage servicing rules (8/13)
- Durbin pans Visa/MasterCard settlement (8/6)
- Fazio says big-CU exams will be more robust (8/1)
- Study shows bank fees continue to rise (8/15)
- Half of cell phone users to mobile banks by 2013 (8/22)