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Iowas King accuses the NCUA of weak oversight and says the credit union tax exemption will cost $10B over five years.
Republicans call for the deregulation of small banks and a reinstatement of the Glass-Steagall Act.
The share of home mortgages serviced by nonbanks jumps from 6.8% in 2012 to 24.2% in 2015.
Dodd-Frank imposed compensation rules get mostly negative comments from credit unions.
CUNA and NAFCU were on their toes, networking at the Republican National Convention.
FCUs must be examined every 23 months; federally insured, state chartered CUs will be examined at regional directors discretion.
NAFCUs Berger disputes statements made by Iowas King in a letter, which called credit unions tax exemption into question.