SPRINGFIELD, Mo.-Only days before she would cast her "No" vote on the privacy regulation before the NCUA board, Yolanda Wheat broke her silence on the subject before a 300-member audience of the Missouri Credit Union League here. Saying that credit unions have been and continue to be responsible protectors of their members' financial privacy, she chided them in a subtle way for not publicizing that fact. It's a matter of trust, she assured, as she couched the privacy effort in the "choice" rhetoric of the credit union victory over the fight to pass H.R. 1151. "Credit unions won the fight for `consumer choice' and it's this concept of choice that has to be meaningful in order for it to have been worth fighting for." Striking a balance between protecting members' privacy and the benefit that information sharing can provide is a challenge, she stated. Putting that privacy `first' is part of the credit union difference, said Wheat. -
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