The NCUA achieved a rare feat this week when it released itsproposed rule on troubled debt restructuring: favorable reviewsfrom two of its most frequent critics.

Both CUNA and NAFCU said the proposed rule, which the NCUA Boardsent out on Thursday for a 30-day comment period, could makelife easier for credit unions. Those institutions have longcomplained about what they see as the agency's inflexibility on the issue.

The proposal has “the potential to ensure consistent guidancefrom the agency to its examiners – and help credit unions helptheir members in this time of need,'' CUNA President/CEO BillCheney said in a statement.

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