WASHINGTON - NCUA Board Member J. Mark McWatters called on the agency to provide regulatory relief to the industry it regulates during the annual CUNA Governmental Affairs Conference Feb. 22.
McWatters outlined 21 points that he would like to see the agency provide in the way of regulatory relief to credit unions, often receiving generous applause from attendees.
"Regrettably, the day-to-day regulatory burdens of the credit union system appear unprecedented and steadily growing," McWatters said. "The irony of this statement is not lost on a community that was neither a perpetrator nor an aider and abettor of the recent financial crisis."
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