|It's time to ACT!|
Even had one commenter seemingly willing to personally volunteer to "bell the Cat"! Some might wonder if such a volunteer is brave or foolhardy; since as the fable acknowledges, there can be "consequences". Haven't heard from any of the trades as yet, but I realize that they are very busy, perhaps in time...
As you might suspect, there was a strong vote of "no confidence" in the current version and prospects for the NCUA. Most folks do not believe the NCUA is the premier financial regulator in the Country, although about the same group believes the NCUA should strive to be so.
What is really discouraging is that most folks
|"Inside the box leadership?"|
NCUA is "comfortable" as an "also ran".
If true, this has become a simple question of NCUA Board leadership...
We have talked in the past about why now is the time to focus on redefining the NCUA because:
1) Credit unions need a strong, independent federal regulator & insurer - and should fight to create one.
2) NCUA now has the strongest and most capable Board it has had in a decade - operating with an open mind.
3) NCUA will not be permitted to continue its backward looking, shoot from the hip missteps - by either credit unions, Congress, nor the real world marketplace.
4) This won't wait. NCUA has a very short "shelf life" as it now operates - hopefully not already beyond its "sell by" date.