With less than a year to go before the 2014 midterm elections, credit union trade organizations are focusing their attention on key Senate races.
The NCUA's proposed risk-based capital rule could result in even more consolidation.
Complexity, risk, congressional gridlock fingered in failure to reform Freddie, Fannie, FHFA this year.
This Opinion piece from NAFCU CEO Dan Berger takes a hard look at the NCUA's proposed risk-based capital rule.
CUNA and NAFCU both throw their support behind credit union supporters like Sen. Mark Udall (D-Colo.) and Sen. Mitch McConnell (R-Ky.).
A new NAFCU study defending the credit union tax exemption says its elimination would deny Americans $17 billion in annual economic benefits.
The NCUA's capital proposal would require affected credit unions to hold $6.3 billion in additional capital to achieve current capital cushion.
Members surveyed also reported their average Target breach cost was $45,000.
Ceiling will automatically drop to 15% on March 10 without NCUA board action at Thursday's meeting.
House Financial Services spokesman said committee would examine data security, but would not answer specific questions about Target.