CUs Urge New Agency Be Neutered

Roberts, Ed
April 2011
Credit Union Journal;4/11/2011, Vol. 15 Issue 14, p1
Trade Publication
The article reports that credit union representatives urge lawmakers to exclude the National Credit Union Administration (NCUA) from the protection scheme of the Consumer Financial Protection Bureau (CFPB). Washington Gas Light Federal Credit Union (FCU) president Lynette Smith says that excluding the NCUA can help avoid redundancy. Credit Union National Association (CUNA) representative Rod Staatz added CFPB will only contribute to the burdens caused by the financial crisis.


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