NAFCU’s president/CEO discusses cybersecurity and legislation.
The agency should include credit unions in processes that they ultimately fund.
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.
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.