The White House “If you’re an administration, it makes sense. You want to control everything.” Reaction to the OMB announcement, as the OMB directly serves the executive branch.

A new Trump Administration directive that subjects the NCUA’s rules and guidance to Office of Management and Budget review represents improper interference in agency activities, four former NCUA board members said Monday.

Last week the OMB announced that beginning next month, all guidance and rules issued by independent agencies, such as the NCUA, CFPB and other financial regulators, must be submitted for review by the budget office. If the rules or guidance is deemed to be “major,” it also will be required to be submitted to Congress under the Congressional Review Act.

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David Baumann


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