NAFCU Pointed In Criticism
NAFCU has been more pointed in its criticism and even went as far as contacting OMB to determine whether NCUA broke the law in springing the program outside of the administrative rulemaking process.
The other objection raised by some in the credit union movement is the aspect of the program that will compile information about executive compensation among credit unions. That is bound to be embarrassing for some who worry that public disclosure may expose them to public criticism for their pay levels-especially those who have criticized the bankers for being greedy.
But the real audience for NCUA's new program has yet to weigh in. Congressional representatives say they will have to see what NCUA's program produces in the way of data before they render judgment.
The Credit Union Journal's Ed Roberts can be reached at 202-434-0334, or at eroberts