Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
Hauptman designated as NCUA board chair
The NCUA has reported that the president has designated NCUA Vice Chairman Kyle S. Hauptman as the thirteenth Chairman of the NCUA Board.
Mr. Hauptman listed his priorities as chairman in the NCUA's press release. Among them were—
- "Codifying our procedures to protect Americans from regulation-by-enforcement. For example, no enforcement action should ever set — even clarify — policy. In America and other free societies, the sequence is: set speed limits, then give speeding tickets (no one has any obligation to be aware of someone else’s ticket)."
- Re-assessing NCUA policies that may, even inadvertently, dissuade credit unions from serving low-income areas. This includes language around overdraft policies, particularly for credit unions located in states with especially punitive government late fees/penalties.
- Right-sizing credit unions’ obligations where possible under the Bank Secrecy Act, including NCUA’s regulations surrounding Suspicious Activity Reports.”