The NCUA's proposed rules to increase transparency in credit union voluntary mergers may unnecessarily make the process even more complex than it currently is, credit union trade group officials are warning.
"It clearly adds a little more time and process," Andrew Price, CUNA's senior director of advocacy and counsel said following an initial review of the proposal, which the NCUA board released at its May meeting. And that extra time, including an additional 45 days, may not be needed, he added.
"There's a lot of unknowns about how this would work," said Carrie Hunt, NAFCU's EVP of government affairs and general counsel.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
