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NAFCU emphasized the importance of allowing credit unions access to Federal Home Loan Banks and raised concerns about proposed FHLB membership rule changes in a letter to House Financial Services Committee leaders in advance of today's hearing with FHFA Director Mel Watt.
Two editorials from NCUA touting the agency's new risk-based capital proposal drew immediate responses from NAFCU's Carrie Hunt in Credit Union Times and Credit Union Journal, in which Hunt focuses on the proposal's costs and the need for comprehensive capital reform for credit unions.
NCUA's second risk-based capital proposal is slated for publication in today's Federal Register, with comments due to the agency around April 27.
Larry Fazio's editorial on NCUA's risk-based capital proposal says credit unions spoke and NCUA listened. He is correct in saying the agency made many changes to its risk-based capital proposal in response to commenters.
With determination, teamwork and creativity, credit unions are facing up to the many challenges that threaten their growth.
On January 15, 2015, the NCUA Board issued a second proposed rule regarding risk-based capital for credit unions that amends their first risk-based capital proposal issued nearly a year prior. NAFCU SVP of Government Affairs and General Counsel Carrie Hunt gives an update on the new proposal.
The time and resources it takes to notify members, reissue cards, and make members whole in instances of fraud is overwhelming. Federal standards must exist for merchants on the safekeeping of financial and personal information, as well as data breach notification.