Resources for Payment Card Industry (PCI)

Increased Regulatory Scrutiny: A Good Thing or Bad?

blogs.bankinfosecurity.com

Last week the NCUA announced the formation of the National Examination Team (NET) to "enhance the supervisory process in areas where economic conditions have adversely impacted federally insured credit unions." Or as I like to think of this move, the FDIC sneezes, and NCUA catches a cold. I knew this one was coming based on the announcement by the FDIC that its 2009 budget included money to temporarily double its team of examiners. Desperate times call for desperate measures. And in the banking world these are about as desperate as times can get. So, I anticipated the NCUA would have plans to step up their examination activities as well.

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