The comment clock is ticking on NCUA’s proposed rule that would make several changes to the way voluntary mergers are handled. The two changes that are causing the strongest early reactions are provisions governing member-to-member communications
and the disclosure of financial arrangements made as part of a merger.
Every credit union industry insider interviewed for this series agreed transparency is good, but most had significant objections to how the regulator proposes to elicit said transparency. Here is a sampling of some of those comments: