A proposal by the Texas Credit Union Department to recover travel, time and transportation expenses from CUs involved in "unusual" exam cases ran into opposition from the Texas Credit Union League Thursday.
The league's vice president-government relations, Jeff Huffman, charged a proposed June 18 rule adopted by the Texas Credit Union Commission would provide the state's commissioner, Harold Feeney, undue discretionary power. It would also impose unnecessary financial burdens on small CUs struggling to navigate the recession.
The commission's June 18 rule is currently out for 30-day comment with consideration of the proposal slated for an October meeting. The commission rule requires CUs to pay certain examiner expenses including for lodging and "incidentals" in special or extraordinary circumstances as finally decided by Feeney.
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