WASHINGTON — Former House Speaker Newt Gingrich said Congressnever intended to allow credit unions to be ground down by federalbureaucracy.

CU Times spoke with Gingrich at the Mayflower Hotel, where NAFCU hosted its annualCongressional Caucus event Wednesday. He was at the venue to speakto another group.

Gingrich said he does not support higher risk-based capitalrequirements proposed by the NCUA.

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