The National Credit Union Administration (NCUA) voted 2-1 during its latest board meeting to approve a final rule to quadruple the threshold for mandatory appraisals on non-residential, rural real estate loans.
The news is welcome to credit union advocates but has led to push back from community bankers, whom have been critical of numerous moves by NCUA to ease compliance burdens for credit unions.
Learn more about the implications of the agency’s most recent regulatory moves.