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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.

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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.

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