Bank regulators in Washington State are preparing to clamp down on its 77 privately insured credit unions.

Starting as early as August, the state banking agency plans to hold credit unions to higher capital and liquidity standards. The regulator also plans to tighten accounting standards.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.