NCUA Chairman Debbie Matz tells Congress the rule could have prevented 14 credit union failures.
Proposed rules approved by the NCUA board would make credit union securitized loans more marketable.
Operation Choke Point investigation could result in better transparency for all financial regulators.
Comparing estimates on the cost of the risk-based capital rule is like comparing apples to eggplants.
Mortgage originations dropped sharply in the first quarter of 2014 from one year prior, according to data released by the NCUA last week.
NCUA data shows mortgage originations fell from $103B annualized in 1Q2013 to just $42.6B in 1Q2014.
Both CUNA and NAFCU say the NCUA's letter to Congress on risk-based capital doesn't address concerns.
Read five major concerns trade associations air in their risk-based capital comment letters to the NCUA.
Proposed rule requires largest credit unions to maintain a 5% stress test capital ratio.
After nine months of uncertainty regarding the minimum number of required debit networks and other details, the Fed's rule will not change.