Prospective NCUA Board Member Supported Reduction in Regulatory Burden
Mark McWatters, a member of the TARP Congressional Oversight Panel and President Obama’s choice for the NCUA Board, endorsed reducing the tax and regulatory burden on financial institutions and small businesses as a means to encourage economic recovery. On the other hand, McWatters opposed the creation of the Small Business Lending Fund stating that providing financial institutions with below-market capital could encourage poor lending practices. [1/7]