New credit risk measurement proposal could put bank loans out of reach for some smaller CUs, WOCCU says.
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NCUA's Fazio tells Senate Banking Committee 77% of credit unions could gain regulatory relief.
Had the RBC rule been in effect in 2009, NAFCU says more credit unions would have struggled to remain well-capitalized.
NAFCU calls amount “astronomical,” CUNA mum on what it spent on a separate legal opinion on risk-based capital.
New research shows debit interchange regulations have kept rates high and processing costs low.
Some call for a national data security standard, others say consumers entitled to free, ongoing access to credit reports.
International credit union trade group cautions that the NCUA and other U.S. regulators often implement Basel ideas.
Trade group also cites national data security as a pressing concern.
CUNA Chief Economist Bill Hampel was named CUNA's chief policy officer, a newly-created position, the trade group said Oct. 27.