A group of credit union CEOs and top managers, mostly from Tennessee and North Carolina, claimed progress Tuesday in winning support from Congress and the industry in a grassroots bid to halt what they said are damaging policies of NCUA and regulatory agencies as they also pursue rescinding the Durbin interchange amendment.
"We do understand that Congress is busy and we want to give each member of the Senate Banking and House Financial Services Committee time they need but we do expect a full read of our Declaration of Grievances," explained David Proffitt, coordinator of the fledgling 'Declaration' protest group and president/CEO of the $166 million Alcoa Tenn FCU.
Proffitt maintained that the 32-member "Committee on Declaration of Grievances," which drafted and circulated a seven-page letter of complaints to lawmakers earlier this month, received its latest evidence of support in emails and phone calls from U.S. Sen. Bob Corker, a Republican.
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