Hear no evil, see no evil, speak no evil

by Credit Union Watch

by: Keith Leggett

Bank regulators — Federal Deposit Insurance Corporation, Federal Reserve, and Office of the Comptroller of the Currency – are aggressively pursuing banks for violations of the National Flood Insurance Act.

However, I have not seen the same regulatory zeal from the National Credit Union Administration (NCUA) regarding credit union flood insurance compliance.

In fact, I don’t recall NCUA publicly citing any credit unions in recent history for flood insurance violations.

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