Letters from the ABA and ICBA on the NCUAs alternative capital ANPR are intended to sow uncertainty.
By B. Dan Berger|May 17, 2017 at 08:47 AM
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
Once again, the American Bankers Association asserts that regulatory relief for credit unions represents a threat to the $16.2 trillion banking industry, coining a new catchphrase – “unsanctioned growth” – to characterize the alleged hazards of the NCUA’s advance notice of proposed rulemaking on alternative capital. Yet the concept of “unsanctioned growth” is fiction, much like the banking trade’s interpretation of the Federal Credit Union Act. The recent comment letters by both the ABA and the Independent Community Bankers of America on the NCUA’s alternative capital ANPR are a shot across the bow, intended to sow uncertainty while masking the anti-competitive animus that inspires them to file lawsuits against the NCUA whenever they perceive the slightest bit of regulatory relief for credit unions coming from our bipartisan independent regulator.
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.
Go beyond the standard loan shopping experience and engage your members with a pre-qualification solution that consistently delivers 30 percent more loans at a fraction of your current cost. Realize the power of “No Credit Impact” messaging and the latest in lending technology.
Are you fighting for digital transformation alone at your credit union and facing resistance? This toolkit is stocked with compelling benefits, stats, success stories, and a slide deck to help get buy-in from the rest of the C-Suite or board.
What is your credit union’s profitability plan and how are you progressing towards those goals? This eBook outlines five success strategies to guide your credit union’s journey to a strong profitability plan.
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.