X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NCUA’s borrowing authority would be raised from $100 million to $6 billion and it would receive an additional $18 billion in emergency borrowing authority under the provisions of an amendment that the Senate Banking Committee is scheduled to consider tomorrow.

Sens. Michael Crapo (R-Idaho) and Bob Corker (R-Tenn.) are planning to offer an amendment containing those provisions and one that would give the NCUA five years to replenish the NCUSIF if its equity ratio drops below 1.2%, during discussion of a bill that would overhaul the rules regarding credit cards.

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.