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NAFCU Vice President of Legislative Affairs Brad Thaler on Tuesday shared the association's support of H.R. 1553 and S. 727, the "The Financial Institutions Examination Fairness and Reform Act," with the bill's authors and sent them copies of the association's recent letter to NCUA on examination fairness issues.

Thaler wrote to House Financial Services Subcommittee on Financial Institutions and Consumer Credit Chairman Shelley Moore Capito, R-W.Va., and Subcommittee on Capital Markets and Government Sponsored Enterprises Ranking Member Carolyn Maloney, D-N.Y., the chief sponsors of H.R. 1553, and Senate Banking Committee members Sens. Jerry Moran, R-Kan., and Joe Manchin, D-W.Va., authors of S. 727. He said NAFCU has urged NCUA also to support their legislation, which "calls for clear guidance from banking regulators, consistency from exam to exam, timeliness with respect to exam results, and an independent appeals process free of examiner retaliation."

On Friday, NAFCU Director of Regulatory Affairs Mike Coleman informed NCUA Board Chairman Debbie Matz of some ongoing issues credit unions face during examinations and expressed concern that "there is still no independent appeals process for credit unions." In his letter, Coleman outlined a few areas of concern for credit unions and encouraged the agency to address them.