July 7, 2015
CONTACT: Patrick Keefe, NASCUS Communications/703-528-5974, email@example.com
NASCUS PRESIDENT AND CEO LUCY ITO
ON GAO RECOMMENDATION
FOR NCUA EXAM AUTHORITY OVER 3RD PARTY TECH SERVICE PROVIDERS
NCUA should rely on exams already administered by state agencies
Since year 2000, and the concern about the Y2K date changes, NASCUS has been on record in support of NCUA’s desire to obtain examination authority over technology service providers. However, NASCUS supports this authority over technology service providers to the extent that the agency will rely on exams of these entities that are already administered by state credit union supervisory agencies to the maximum extent feasible. This would reduce system redundancy, minimize regulatory burden, and foster interagency cooperation and coordination while also strengthening cybersecurity across the industry.
Patrick Keefe, Director of Communications, firstname.lastname@example.org or (703) 528-5974