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News Now

Washington
NCUA offers changes to House TARP bill
ALEXANDRIA, Va. (1/14/09)—The National Credit Union Administration (NCUA) yesterday urged House Financial Services Committee Chairman Barney Frank (D-Mass.) and Ranking Member Spencer Bachus (R-Ala.) to make changes to the TARP Reform and Accountability Act of 2009 (H.R. 384). In a letter to the lawmakers, NCUA Chairman Michael Fryzel expressed his agency’s support for the measure. However the federal credit union regulator said he “believes it to be extremely important to equip NCUA with the same essential powers and authorities being considered for FDIC in dealing with the varied and complex set of risks confronting financial institutions in this volatile market.” Use the resource link below to access Fryzel’s 11-page letter.


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