CUNA contends that the NCUA's proposed rule mandating that most credit unions have interest rate risk policies isn't needed at all because most credit unions have such plans in place, while NAFCU just wants the proposal tweaked a bit.
CUNA said the proposed rule would invite "micromanagement from agency examiners,'' and the agency already has adequate means to ensure that credit unions maintain these kinds of policies
The trade association also expressed strong objections to tying the existence of interest rate risk policies to a credit union's NCUSIF coverage.
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