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.
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.