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.
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."