NAFCU calls penalties extreme, CUNA says they are unnecessary.
CUNA, NAFCU and NASCUS criticize proposal, which would require large credit unions to maintain a stress test capital ratio of at least 5%.
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.
CUNA, NAFCU express concerns about NCUA plans for largest of credit unions.
From increasing services to mitigating risks, the benefits of partnering with CUSOs and other vendors run the gamut, experts say.
Benefits in partnering with CUSOs and other vendors are real, but so are the dangers if not monitored correctly, experts say.
Whether or not the Federal Reserve can or will appeal the July 31 court decision that overturned two-thirds of its debit interchange regulation hinges on several unresolved legal questions.
Credit union trade groups are in agreement when it comes to the NCUA’s derivatives proposal. Unfortunately, the responses aren’t pretty.