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Mark McWattersExpressing support for the Senate bill that would require budget hearings, NCUA Board Member Mark McWatters said the NCUA should lead on the issue regardless of how other agencies handle the budget process.

In a letter sent to the Senate Banking Committee on Friday, Larry Fazio, NCUA director of examination and insurance, noted that no other financial regulator is subject to a requirement to hold annual budget hearings. Fazio was responding to a series of questions from Senate Banking Committee Chairman Richard Shelby (R-Ala.) following his testimony at a hearing on Feb. 10.

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