ALEXANDRIA, Va. — NCUA Board Member Mark McWatters, who voted against the NCUA's 2015 operating budget, said allowing the public to comment on the budget proposal would not compromise the independence of the board members' votes.
"I was accused by the Chair of supporting an approach that would invite 'regulatory capture.' The Chair stated that permitting members of the credit union community to address the Board on the record in a public meeting on the budget would somehow compromise the independence of our votes. Really?" McWatters said in a statement after the meeting.
CU Times interviewed McWatters after the NCUA Board's Thursday meeting.
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