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With Congress out, CUNA focus on RBC2, overdraft rules

first_img 7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Both houses of Congress are out this week. CUNA’s focus is trained on the National Credit Union Administration and its vote on the final revised risk-based capital rule (RBC2) Thursday.More than 20 months after the proposal was first issued by the NCUA, and after a record-breaking number of comments have been sent in, the board will vote Thursday on a rule that is much more credit union-friendly.“We’re eager to see what additional improvements have been made to the proposal since it was re-issued earlier this year,” said CUNA Chief Advocacy Officer Ryan Donovan. “The changes we saw between RBC1 and RBC2 were meaningful and significant; we’re hopeful that when we see the final rule there will be additional positive changes.”Donovan credited CUNA-league efforts as a whole, saying “CUNA, leagues and credit unions have been engaged in a very positive, coordinated advocacy effort that’s had a very meaningful impact on this rulemaking.”CUNA Chief Policy Officer Bill Hampel said CUNA will be looking for a few additional improvements in the final rule. continue reading »last_img

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