Burdensome call reports are also a problem for credit unions, says a credit union executive at an NCUA Listening Session.
SAN FRANCISCO – NCUA official Larry Fazio engages CUNA leaders in a discussion on risk-based capital and takes audience questions.
Risk-based capital, interest rate risk and cybersecurity will be hot topics at CUNA's San Francisco conference.
Risk weights for mortgages, member business loans, investments, CUSOs and corporates will likely be reduced in the final risk-based capital rule.
CUNA executives say a recent meeting with NCUA Chairman Debbie Matz on the risk-based capital rule was productive.
Chairman Debbie Matz says the agency will change "more than a few" risk weights proposed.
CUNA and NAFCU refute a Wall Street Journal article critical of credit union asset management.
Read five major concerns trade associations air in their risk-based capital comment letters to the NCUA.
In bid for transparency, bureau says it will open credit union council and others, "the same way most other agencies allow."
DETROIT – Most federation members are too small to comply with the rule, but they could grow into it.