McWatters talks TCCUSF closing, regulatory relief
NAFCU President and CEO Dan Berger yesterday applauded NCUA Acting Chairman J. Mark McWatters’ plan for a “thoughtful loosening” of regulations while preserving the safety and soundness of the credit union system.
“Regulatory relief, prudent management of the operating budget, and rebates from the Temporary Corporate Credit Union Stabilization Fund are at the top of NAFCU’s advocacy agenda for 2017,” said Berger. “NAFCU and our members applaud Chairman McWatters’ commitment to addressing each of these issues, and we look forward to working with him in executing his strategy.”
In McWatters’ plan, which he outlined during remarks at CUNA’s Governmental Affairs Conference, includes the possibility of the agency closing the TCCUSF in 2017 – four years before the currently scheduled closing – and moving money into the National Credit Union Share Insurance Fund in order to avoid charging a premium.
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