Search
 

NCUA Still Overreaching on Conversion Regs

After the hearing on H.R. 3206 in May, all of us watching mutual charter conversions waited to see how NCUA would react. Based on the proposed regulations, it is apparent NCUA didn't get the message. It continues to thumb its nose at Congress and the courts.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

After the hearing on H.R. 3206 in May, all of us watching mutual charter conversions waited to see how NCUA would react. Based on the proposed regulations, it is apparent NCUA didn’t get the message. It continues to thumb its nose at Congress and the courts.

H.R. 1151 authorized NCUA to promulgate rules for conversion voting that were to be “no more or less restrictive than those rules that apply to charter conversions by other financial institutions.” Congress wanted ministerial rules, at most.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.