NCUA Acting Chair J. Mark McWatters discussed recommendations to “achieve real relief while maintaining safety and soundess” before the Senate Banking Committee Thursday, part of a hearing on regulators’ role in fostering economic growth. McWatters’ appearance before the committee was part of a series on fostering economic growth, a series CUNA testified for earlier this month.
The committee asked NCUA to identify ways to ease regulatory burden through legislation. McWatters addressed several proposals.
These include legislation that would:
McWatters said NCUA is “actively considering” a number of regulatory relief initiatives, including:
McWatters also responded to recommendations in the Treasury study released earlier this month.