ALEXANDRIA, Va. — The NCUA has heard "loud and clear" that credit unions do not like a proposed loan participation cap that would limit credit unions from participating in loans, in the aggregate, in excess of 25% of their net worth from a single originator, Chairman Debbie Matz told attendees at the regulator's second Listening Session Wednesday afternoon in Alexandria, Va.
As a result, the NCUA is planning to make changes to the final loan participation rule; in particular, the 25% limit, before issuing the final regulation, she said.
Matz did not say what the final cap would be.
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