Wall Street Journal: NCUA Budget Criticized by CUs

The Wall Street Journal is reporting how NCUA's budget is drawing criticism from credit unions.

The 2011 budget for the National Credit Union Association will rise 12 percent. NCUA Chairman Debbie Matz justifies the increase stating: "Times are difficult, and we are very mindful of that, [but] we are not going to cut corners on safety and soundness,"