The essence of strategy is choosing what not to do, according to Harvard Business School Professor Michael E. Porter. Such is the case for credit unions and their trade associations during the next round of dealing with the NCUA's risk based capital rule.
From CUNA and NAFCU to Congress and credit unions, all parties appear to agree that proposed risk-based capital requirements in their various iterations are unwarranted, unnecessary and unusually punitive. H.R. 2769, introduced June 15, directs the NCUA to reevaluate its proposed RBC rule and justify its merits, as well as explain the agency's authority to impose this directive on the credit unions it regulates.
Both CUNA and NAFCU oppose RBC2 as it is written and call the rule unnecessary.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
