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WASHINGTON — In a 23-minute hearing that was part love fest and part survey of the challenges facing the credit union movement, Deborah Matz, NCUA chair-nominee, promised lawmakers she’d take a balanced approach to regulating credit unions.

She told members of the Senate Banking Committee last Wednesday that she would work to ensure that the agency’s rules contain “appropriate safeguards and sufficient opportunities for credit unions to thrive.” But she added that the agency’s upcoming revision to its corporate credit union regulations would be tougher than the last rules enacted in 2002, which she voted against during her previous tenure on the board.

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