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Coalition for CU Charter Options Says New NCUA Regs 'Taunt' Congress

The NCUA's most recent proposed regulations to govern the credit union-to-bank conversion process merely taunts Congress, according to the Coalition for Credit Union Charter Options, the banker-led group which advocates for conversions.

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WASHINGTON — The NCUA’s most recent proposed regulations to govern the credit union-to-bank conversion process merely taunts Congress, according to the Coalition for Credit Union Charter Options, the banker-led group which advocates for conversions.

The organization’s Aug. 17 letter casts the agency as a rebellious servant and suggested NCUA is foolish to make the achievement of other credit union objectives more difficult in order to stop “a handful of conversions.”

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