President Obama today signed a measure allowing the NCUA to pay directly into the Temporary Corporate Credit Union Stabilization Fund.

The bill, which was passed by unanimous consent by both the House and Senate last month, gives the agency the power to assess credit unions a premium first, without incurring borrowing costs. Previously, the agency had to borrow the money from the Treasury Department to repay the fund and then assess credit unions. Under the new law, the agency could assess credit unions a premium first, without incurring borrowing costs.

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