Appeals may delay final implementation while credit union trade groups watch for fee, other impacts.
According to the credit union industry's two major trade associations, the NCUA's proposed stress test rule is unnecessary because the four largest credit unions in the nation already conduct their own tests.
SECU's Blaine says leave it to the Fed. Navy Federal watching and waiting.
Trades join bank associations in filing, say that original rule was bad and made worse by July court ruling.
Federal Reserve files appeal of July 31 federal court ruling that struck down much of interchange rule.
The Consumer Financial Protection Bureau's online complaint database should be expanded to include all of the nation’s credit unions and banks, regardless of size, according to National Community Reinvestment Coalition analysis released Oct. 8.
They are Jiji Bahhur, now director of compliance, and Michael Coleman, now director of regulatory affairs, the trade group said.
Merchant Payment Commission trade group uses economist's data from 27,000 retail sites to reach conclusion. NAFCU unimpressed.
More credit unions said they saw improvements last year in the NCUA examination process, but experienced a decline in their examiners’ capabilities, according to a survey published in the September issue of NAFCU’s monthly Economic & CU Monitor newsletter.
Federal Reserve has until October 20 for appeal arguments; merchants have until November 20