The Regulations Views Expressed On Whether NCUA Needs To Step In Or Not.

FEDERAL WAY, WASH. -- While NAFCU's Fred Becker, as well as Continental CEO Tom Glatt, and others have called on NCUA to step in and put a stop to Wings Financial's attempts to appeal to members of Continental FCU, some are suggesting such government intervention is not only unnecessary, but potentially harmful as well.

"Should there be immediate regulatory intervention? Perhaps not," said John Annaloro, CEO of the Washington CU League. "Many regulatory responses to an imagined crisis carry heavy costs or lasting restrictions on the 'uninfected' in need of no policy cure or additional regulatory burden. NCUA has a smart history of balancing actions against …