WASHINGTON — Costly and anti-competitive: that's the opinion of the credit union industry's three largest trade associations about two of the key recommendations of the NCUA's Outreach Task Force.
CUNA and NAFCU recently submitted to NCUA's task force that its recommendations are too expensive and might hurt their competitive situation for credit unions to disclose a summary of their members financial and income information or the salaries of their top executives.
The panel issued a report earlier this year as a result of public hearings and staff research that highlighted those possible proposals as a way to improve credit unions' service to their communities.
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