The NCUA board would be expanded from three to five members under the sweeping financial regulatory overhaul plan being developed by House Financial Services Committee Chairman Jeb Hensarling (R-Texas).

Hensarling outlined his plan last week and Republican leaders in the House endorsed it on Tuesday. An 18-page document posted to NAFCU's website Wednesday expanded upon the outline and contained specific legislative proposals, including an expansion of the NCUA board. Hensarling's office was not immediately available to comment on the document.

Would a five-member NCUA board be better for credit unions?
Yes, for better continuity. No, it'd be less effective. I'd prefer if Congress focused on legislation credit unions need. Other Please Specify:

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 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.