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Had the RBC rule been in effect in 2009, NAFCU says more credit unions would have struggled to remain well-capitalized.
Bill would expand RFA rules that requires agencies to review regulation impact on small businesses.
Challenging NCUA on RBC is not only right but an imperative for the trades.
Survey reveals mortgage executives divided on whether the reduction will bring more home buyers into the market.
Several key House and Senate committees may call the NCUA to testify about risk-based capital.
NAFCU calls amount “astronomical,” CUNA mum on what it spent on a separate legal opinion on risk-based capital.
NAFCU believes the cost to the industry in capital alone does not match the true risk in the system.
Proposed rule raises many questions that deserve fact based answers.
Rule would expand the definition of small creditor and increase loan origination limits.