WASHINGTON-Even as NAFCU's conference attendees in Hawaii address concerns for the growing number of federal CUs switching to state charters, NCUA insiders are wondering what the post-D'Amours agency will be like. Will it favor more regulation, or less? Much depends on the upcoming vote on Dennis Dollar's RegFlex proposal, which was postponed until the board's October meeting. Dollar acceded to requests from Yolanda Wheat and Chairman D'Amours to delay board action so they could more thoroughly study the proposed regulation and the comments offered by credit unions and CU trades. Dollar said the original comment period, which ended May 22, received "overwhelming support." "We can no longer treat all federal credit unions with one approach when some have earned the ability to be given flexibility by virtue of a consistently higher standard of performance, in all criteria. I believe it's an important message for this agency to send," said Dollar, at press time. He said that he's hoping that given the additional time, both board members will see their way to supporting the proposal.
Dollar hoping for unanimous vote on Reg Flex in October
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