BOSTON–During a roundtable discussion here with credit unions from Massachusetts, Rhode Island and New Hampshire, NCUA board member J. Mark McWatters reiterated his call for continued dialogue and communication between the regulator and the regulated.
During the meeting McWatters, who cast the lone vote against the most recent NCUA budget, also discussed regulatory relief, accountability, interest-rate risk, risk-based capital, and increased public access to information.
“As we address these increasingly complex issues, I appreciate and welcome credit unions’ concerns and feedback,” McWatters said. “It’s imperative for NCUA to provide a regulatory environment that includes a sharing of information and open participation.”