Credit union boards and not federal regulators should be responsible for determining compensation caps for their executives. The Dodd-Frank legislation says otherwise.
Speaking out on the two most recent disaffiliations from CUNA, the chairman of the Credit Union Association of New Mexico appealed anew for industry unity Tuesday, calling the CU exits “simply crazy when you consider the fast-moving events we are dealing with in Washington.”
NCUA was the object of more heat this week from an ad hoc group of 32 CEOs and credit union executives submitting a complaining petition to Congressional committees.
Saying that that more information is needed on the unintended consequences of capping interchange fees, Rep. Shelley Moore Capito last night introduced legislation that would delay the implementation of the Fed’s interchange rule by one year.
Rep. Shelley Moore Capito (R-W.Va.) plans to introduce later today a bill that would delay the implementation of the Federal Reserve’s debit interchange rule by one year.
