Why is the FDIC Budget Declining While NCUA’s is Increasing?
That is the question on the minds of many this morning as the FDIC announced that is has approved a budget reduction of 4.7%, while the NCUA just approved a budget increase of 4.1%. The FDIC stated that because the economy is improving and the number of bank failures are declining prudent budget management calls for cost reductions. Shouldn’t that be the case for NCUA, as well? [12/16/15]