Cheerleader? Bankers Press for NCUA Investigation
As a result of comments made by NCUA Chair Debbie Matz at a recent Congressional hearing, bankers are urging Congress to investigate whether the NCUA is truly operating as an independent regulatory agency. The bankers claim that NCUA is simply a “cheerleader” for credit unions that allows credit unions to circumvent legislative action on issues such as the member business lending cap through favorable regulations. [7/27/15]