NCUA Chairman Debbie Matz has written senators in support of two changes in the pending regulatory reform measure, the agency said today.
Matz asked for NCUA inclusion as a member of the proposed Financial Stability Oversight Council and also encouraged the Senate to make permanent the $250,000 share insurance coverage limit.
Matz wrote Sen. Susan Collins (R-Maine) on May 5 in support of her amendment to include NCUA as a voting member of the Financial Stability Oversight Council. That council, which would oversee possible resolution of systemically important financial institutions, would also have the authority to evaluate and set aside rules promulgated by the proposed Bureau of Consumer Financial Protection.
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