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State Bankers Associations Urge Congressional Oversight of NCUA

Posted on 7/24/2015

The 53 state bankers associations, including NDBA, yesterday wrote to Congress urging them to further investigate NCUA and its efforts to subvert congressional intent.

"We are deeply troubled by the actions and recent comments from NCUA's chairman that, in the name of ‘regulatory relief,'" the agency is prepared to essentially provide the credit union lobby's legislative agenda through regulation despite Congress' repeated unwillingness to do so directly," the associations said in a letter challenging NCUA's plans to expand CU business lending, weaken membership rules and ease capital constraints.

To read the letter visit: http://www.aba.com/Advocacy/LetterstoCongress/Documents/STEXLetterReNCUAOversight.pdf



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