X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON-CUNA and NAFCU were cautiously optimistic over NCUA Chairman Dennis Dollar’s suggestion at last month’s CUNA Governmental Affairs Conference that the trade groups lobby for a risk-based system of prompt corrective action. CUNA Chief Economist Bill Hampel explained that Dollar’s recommendation would require basic leverage requirements and a risk-based capital requirement “more like the sort of capital requirements that banks have,” which are lower than credit unions. Hampel said that Dollar’s proposal is a step in the right direction as long as it takes into account the unique nature of credit union operations. CUNA Vice President of Legislative Affairs and Senior Legislative Counsel Gary J. Kohn emphasized that CUNA still needs to do some research into the idea. NAFCU Communications Manager John Zimmerman offered, “We have been very receptive in the past to risk-based ideas.We just think this is a big, potentially pretty important proposal that we wanted to take time to look at it.”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.