The final risk-based capital rule must avoid unintended, negative consequences.
Topping the list is an MBL cap exception for credit unions with an established program history.
NAFCU leader says while Congress continues to mull MBL reform, the NCUA can help credit unions by modifying its rules.
Each November, the NCUA puts forth its budget for the following year. Every year, NAFCU has steadfastly pressed NCUA to be vigilant in keeping every possible cost down.
You may have heard rumblings about the credit union tax exemption being up for debate yet again. It’s a debate we’ve seen before and a cause we’ve defended before. Unfortunately, the so-called controversy never really left us. Time and again, banks have tried to use the argument that credit unions...
Argues credit unions "not established to review and evaluate the legality of their members' behavior."
In separate letters, CUNA and NAFCU both urged the House Financial Services Committee to raise the cap on member business loans.
The NCUA's rescue plan for corporate credit unions should "cast doubt on the wisdom and the fairness of their tax-exempt status," Independent Community Bankers of America President/CEO Camden Fine wrote Treasury Secretary Tim Geithner today.
In politics, the party that controls Congress usually gets the lion's share of the campaign money.
The Federal Reserve would still have the power to regulate interchange fees though credit unions and banks with assets of $10 billion or less would be exempt and retailers would be expressly forbidden from discriminating among card types.