Credit union trade groups weighed in on a series of hotly-contested proposals passed by the NCUA Thursday during a contentious board meeting.
The meeting’s agenda included proposed changes to field of membership reform, which NAFCU President/CEO Dan Berger applauded in a post-meeting press release.
“As commerce and consumer behavior continue to rapidly evolve with innovative technologies, we are pleased to see that the agency listened to our member credit unions’ suggestions on how to keep pace with today’s marketplace,” he said of the comprehensive changes. “NAFCU is carefully reviewing the proposal and we look forward to working with [the] NCUA to ensure that this rule provides requisite regulatory relief for federal credit unions.”
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