The NCUA is scheduled to vote on Thursday whether to keep 18% as the top interest rate that federal credit unions can charge on their loans and credit cards.
In a letter, NAFCU President Fred Becker urged the board to keep the cap because "lowering the interest rate will be detrimental to the safety and soundness of credit unions as it could potentially result in a loss of capital."
Federal credit unions are the only depository institutions required to comply with such a cap.
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