news
- January 5, 2024
Last month, the National Credit Union Administration (NCUA) Board of Directors unanimously approved the agency’s $385 million budget for 2024. As usual, this annual vote received little (if any) attention outside of credit union circles. But with recent headlines concerning lending practices at America’s largest credit union and subsequent calls from House Financial Services Committee Ranking Member Maxine Waters (D-CA) to investigate, the debate regarding NCUA’s ability to adequately assess consumer protection and fair lending violations at credit unions deserves closer scrutiny.