Proposed rule requires largest credit unions to maintain a 5% stress test capital ratio.
Proposed extension allowing estimated fee disclosures won't make remittance compliance any easier.
NAFCU, CUNA say regulatory impact is real and growing, despite NCUA testimony on Tuesday.
Calling the proposed rule's $50M complexity threshold arbitrary, CUNA says credit unions of that size are small and probably simple.
Webinar will focus on ways the NCUA could improve its risk-based proposal before the rule is finalized.
Credit union trade associations join forces to ask the NCUA for an 180-day comment period on its risk-based capital proposal.
Trade association officials say NCUA's public listening sessions are a good sign the regulator will listen to industry input.
Director Richard Cordray said the bureau hasn't yet implemented all Dodd-Frank mandates and may require new reports.
CUNA told the NCUA in a comment letter on Friday that the agency’s proposed diversity standards would place a burden on credit unions.
Despite risk-weighting and 7% leverage ratio, the NCUA can require whatever it wants of your credit union’s capital.