We appreciate feedback here at CU Times. Following is what readers had to say about the NCUA board's heated debate and CFPB Director Richard Cordray's Dec. 3 speech.
"Matz, McWatters Clash in the Boardroom," Nov. 19
I'm always impressed whenever Rick Metsger talks – you never once see Ms. Matz's lips move. She is very talented. Seriously, when is her term up? Given her obvious dislike for credit unions and credit union management, forcing a bloated budget through without any chance for comment year after year, and hammering the industry with increasingly complex rules, she needs to go.
Recommended For You
—BillyBobJim
Ms. Matz is a holdover board member. Her term has ended. She can leave on her choice or be fired by the President before her replacement is nominated and confirmed.
—JustAPlayer
Then why won't she just leave? I'm sure there is a lobbying group that is willing to pay her more than she is currently earning. Heck, I bet a collection could be raised from credit union folks just to get rid of her.
—BillyBobJim
Regardless of which one I tend to agree with more than the other, this is still much better than a yes-group cloaked in secrecy. Long live discourse!
—Barbara Seville
"Cordray Speech Raises CUNA's Ire," Dec. 3
Two things: 1) Applications rose in October – NOT closings. Why? Because TRID compliance is proving to be a disaster. Despite what Cordray states (and he has to know he is lying) many smaller institutions are abandoning the mortgage market. Compliance costs are just too high. 2) The CFPB does not care about consumers or smaller institutions. It cares about the personal agenda of a single person. The CFPB needs to be eliminated or run by an appointed board. It is just an awful, awful disaster foisted on America by Chris Dodd and Barney Frank.
—BillyBobJim
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
