As much as I'd rather eat glass than write about the NCUA's proposed risk-based capital rule yet again, the issue was front and center at NAFCU's Congressional Caucus.
While elected officials have a bad habit of telling people what they want to hear and failing to back it up, I was struck by the strong words from Caucus speakers on the topic.
I had assumed (and still do) that members of Congress signed letters questioning the proposal because it's not a topic that would force them to take sides against banks. Opposing additional regulation these days is like shooting fish in a barrel. It's a pretty safe position and anyone can do it.
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