WASHINGTON – At NAFCU's Congressional Caucus Thursday, Rep. Mick Mulvaney (R-S.C.) appeared to remain preoccupied with his July exchange with NCUA Board Chairman Debbie Matz, telling credit union industry executives that their institutions deserved a regulator who did not think they were evil.
Speaking on the Caucus' last day, Mulvaney (pictured) reflected on the incident in which Matz, testifying before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, told the committee that credit unions did not represent their members' best interests when the committee's members objected to the NCUA's budget and how the agency spends its money.
"It was stunning," Mulvaney said. "To have oversight over an entire industry and think so poorly of the people in that industry was shocking."
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