RBC2: Just Common Sense?
Systemic rules like RBC are always simplistic and inflexible, a kind of bureaucratic bludgeon.
Systemic rules like RBC are always simplistic and inflexible, a kind of bureaucratic bludgeon.
The NCUA is proposing an invasive, possibly illegal solution to a problem that does not exist.
The Federal Credit Union Act requires the NCUA to submit an annual report to the President and Congress by April 1. Another year has come and gone with no report.
Reports show feds quietly raising bar on security and noting demographic differences in mobile banking and payments.
Credit unions should focus their efforts on persuading NCUA board member Rick Metsger to change his mind on RBC.
NCUA will assume it’s all peachy-keen unless the agency hears from credit unions.
The annual performance of the share insurance fund is a real-world test of NCUA’s ability to identify future risk, document potential shortfalls, and accurately manage uncertainties.
Already commented once? Do it again. Haven’t yet? Now’s the time.
Current comment period should be just the beginning of constant contact with those who rule our world.
Yay or nay, the cooperative system needs your participation on matters of such consequence.

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RBC2: Just Common Sense?