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CUNA, NAFCU and NASCUS criticize proposal, which would require large credit unions to maintain a stress test capital ratio of at least 5%.
Trade group urges Congress to impose stricter rules, spread financial responsibility to retailers.
Trade group to open website next week to allow credit unions to report expenses they incur from massive hack.
Though flawed, Wagner’s article does accurately reveal an uncomfortable truth: Like any successful industry, credit unions are in need of some reflection and soul searching to ensure they are walking their talk.
Appeals may delay final implementation while credit union trade groups watch for fee, other impacts.
CUNA CEO expects to see risk-based capital rule proposed as early as next month.
Gentile leaving CUNA's Washington office after just one year.
The Madison, Wis.-based CUNA Strategic Services recently announced a financial investment in CU Solutions Group, which was formed in 2010 by combining several entities including CU Village, HRN, and Koker Goodwin into one company.
Credit unions to be feted at GAC in February.