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NCUA Chairman Debbie Matz was the lone witness during Thursday's congressional hearing. Here she explains that while the NCUA budget has increased in recent years, it has dropped significantly since 2000.

WASHINGTON – NCUA Chairman Debbie Matz likely picked a bone with credit union executives Thursday during her testimony at a Congressional hearing with the House Financial Services Committee’s subcommittee on financial insitutions.

While being questioned by Rep. Mick Mulvaney (R-S.C.), Matz said not only once, but twice, that she doesn’t believe that credit unions represent their members, even after being asked by Mulvaney to clarify if that’s what she meant.

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Mulvaney repeatedly asked Matz who the credit unions do represent, to which she finally answered, “I can’t answer that. You’ll have to ask them.”


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