Bankers Claims About FOM Are Factually Incorrect
According to a letter from CUNA to Congressional leaders, the recent letter submitted to members of Congress by the American Bankers Association and the Independent Community Bankers Association makes claims that are factually incorrect. CUNA’s letter refutes the bankers’ claims that the proposed rule would allow for unchecked membership growth and that NCUA exceeded its statutory authority. In fact, CUNA states, NCUA did not go far enough. [1/28/16]
