Even though most credit unions would be exempt from beingexamined by the proposed Consumer Financial Protection Agency underan amendment passed by the House Financial Services Committeeyesterday, CUNA and NAFCU are holding out for more.

"A basic premise of the credit union movement is to never bedivided against itself in any way," CUNA President/CEO Dan Micasaid in a statement. "A key principle of ours in approachingfinancial regulatory reform has been for examination authority toremain with credit unions' primary regulator. We cannot supportlegislation that would apply this principle only to a portion ofthe nation's credit unions, as envisioned in this amendment."

Mica said CUNA would try to work out a compromise, but if onecannot be reached the trade group would oppose the bill.