Wednesday, March 9, 2016

NCUA Issued Fewer Enforcement Actions in 2015

The National Credit Union Administration (NCUA) issued fewer enforcement actions in 2015 compared to 2014.

Enforcement actions include preliminary warning letters, letters of understanding and agreement, and cease and desist orders.

According to information obtained under a Freedom of Information Act request, NCUA in 2015 issued 47 preliminary warning letters, 134 letters of understanding and agreement (all were unpublished), and 2 cease and desist orders.

In comparison, NCUA in 2014 issued 69 preliminary warning letters, 152 letters of understanding and agreement (all were unpublished), and 5 cease and desist orders.
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