The problem with the NCUA’s CUSO proposal is that the focus is on supervisory oversight of CUSOs rather than their relationships with credit unions.
CUNA, NAFCU and NASCUS rewarded their leaders’ stewardship through challenging times last year.
Proposed regulations governing incentive-based compensation punish credit unions, and the NCUA has provided inadequate rationale for its rules.
New NCUA regulations don't provide justification for treating credit unions more strictly than other financial institutions, NAFCU, CUNA, NASCUS, PCUA argue in comment letters.
CUNA contends that the NCUA’s proposed rule mandating that most credit unions have an interest rate risk policy isn’t needed because most credit unions have such plans in place while NAFCU just wants the proposal tweaked a bit.
Changes would let NCUA help to a troubled credit union or a credit union acquiring one to count as regulatory net worth.
Regulatory overreach, an unnecessary limit on credit unions' choices and possibly illegal. Those are among the critiques of the NCUA's proposed rule on corporate credit unions.
Restricting credit unions to one corporate credit union and requiring boards to disclose more information about their votes aren't issues that the NCUA should regulate with regards to state-chartered credit unions.
The NCUA's proposal to limit golden parachutes and indemnification payments is overbroad and would place unnecessary restrictions on credit union boards, according to
Proposed new regulations on mergers and mutual bank conversions encroach on state autonomy,