WASHINGTON—CUNA is working to produce six comment letters to various agencies before the end of the month.
Among the proposals on which CUNA is weighing in are the NCUA’s newest proposal on fixed asset limitations (which applies to FCUs only). CUNA’s Mary Dunn noted that NCUA Chairman Debbie Matz has indicated the agency may consider eliminating the cap on fixed assets.
Other proposals to which CUNA is responding include the CFPB’s TILA/RESPA proposal, the CFPB’s proposed rules on prepaid (which some analysts told CUToday.info could mean an end to overdraft revenue for CUs), NCUA’s proposal on stress tests, the CFPB’s expanded definition of rural and underserved communities, and the CFPB’s proposal on student account scorecards. Finally, like many in credit unions, CUNA will also be providing input to NCUA on its revised risk-based capital proposal this month.