McWatters to NCUA: Don’t treat credit unions like ‘Victorian-Era’ kids

first_imgNCUA Board Member J. Mark McWatters recently had some sharp words for the CU regulator.“NCUA should not treat members of the credit union community as Victorian era children—speak when you’re spoken to and otherwise mind your manners and go off with your nanny,” McWatters told the Pennsylvania CU Association’s annual meeting in Hershey last week.The agency “should, instead, renounce its imperious ‘my-way-or–the-highway’ approach and actively solicit input from the community on NCUA’s budget and the budgetary process,” he added.“I champion the right of the regulated to speak to the regulator on the record regarding the expenditure of their limited resources,” McWatters said. Rather than such hearings being “dog and pony shows,” he said, public hearings are “simply a matter of respect and professionalism evidenced through the lens of transparency and full accountability.” continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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