McWatters cites reg relief as top priority

by. Nicholas Ballasy

J. Mark McWatters cited regulatory relief for credit unions among his top priorities as an NCUA board member Wednesday, just one day after taking the oath of office.

McWatters would also like to incorporate “a robust, objective, transparent and fully accountable cost-benefit analysis into NCUA’s rulemaking and vetting process,” according to an NCUA release.

The expansion of low-income credit unions and boosting the accessibility of financial services to economically challenged credit union members was also a priority. McWatters further said he wants to promote the role of women and minorities in the credit union industry.

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