NASCUS will continue to press House Financial Services Chairman Jeb Hensarling (R-Texas) to propose expanding the NCUA board from three to five members as part of his massive overhaul of the Dodd-Frank Act, association president Lucy Ito said Monday.
In the version of the Financial CHOICE Act that the Financial Services panel approved last year, Hensarling proposed expanding the number of board members to five.
However, in his latest draft of the bill, Hensarling proposed retaining the three-member board.
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