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Larry Fazio, director of the Office of Examination and Insurance at the NCUA, asked a congressional committee Tuesday to give the agency more flexibility to write rules and regulations.

“NCUA would advise Congress to provide regulators with flexibility in writing rules to implement new laws. Such flexibility would allow the agency to effectively limit additional regulatory burdens on smaller institutions by appropriately scaling the regulatory requirements,” Fazio said, according to his prepared remarks at a Senate Banking, Housing and Urban Affairs committee hearing, titled, “Examining the State of Small Depository Institutions.”

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