U.S. Banks Urge Study on Credit Union Exam Delays

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00017114-us-banks-urge-study-on-credit-union-exam-/

By Kristin Roberts, Reuters

Community banks on Friday asked a U.S. House panel to request a study from congressional investigators on insufficient staffing and examination delays at the regulatory agency that supervises credit unions.

Two groups — America’s Community Bankers and Independent Community Bankers of America — told House Financial Services Committee Chairman Michael Oxley that staffing problems at the National Credit Union Administration could lead to a “crisis” in the industry.

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