CFPB, NCUA Sign MOU Regarding Cooperation | Alston & Bird
To embed, copy and paste the code into your website or blog: The Consumer Financial Protection Bureau (CFPB) and the National Credit Union Administration (NCUA) have signed a Memorandum of Understanding (MOU) to facilitate and improve coordination between the agencies. The CFPB and NCUA have overlapping supervision authority over credit unions with over $10 billion in assets. Both agencies will engage in semi-annual “strategy planning sessions” to align on and coordinate examinations. The MOU will facilitate information sharing between the agencies, including electronic sharing of Examina...
Source: jdsupra.com