NAFCU’s president/CEO discusses cybersecurity and legislation.
The agency should include credit unions in processes that they ultimately fund.
NAFCU has always been steadfast in strongly opposing the CFPB's rulemaking authority over credit unions.
Resistance to the agency's authority over credit unions has been consistent, NAFCU leader affirms.
It is not one single regulation, but multiple regulations from numerous agencies that are negatively impacting credit unions.
In a consolidating industry, regulatory relief is a necessity, NAFCU leader urges.
The loss of more credit unions is at stake if regulatory burdens do not ease up.
The final risk-based capital rule must avoid unintended, negative consequences.
Credit unions need a guarantee that a final risk-based capital rule won't put them at a competitive disadvantage to banks.
This opinion piece calls for the NCUA to account for how it spends all the dollars in all its funds.