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The direct immediate impact of the new CCULR/RBC rule requires credit unions to hold between $30 to $40 billion more in reserves.  These funds cannot be used for daily operations, such as expenses to increase member value or lower fee income or loan rates.

The new RBC/CCULR rule must meet two administrative procedural tests, as any other rule, when NCUA claims to be implementing a law.  The first was outlined in an earlier column: Was there substantial objective evidence presented to justify the rule?

WASHINGTON—The Russian invasion of Ukraine and its implications for the global economy have added to growing inflation pressures and ongoing supply chain difficulties as monetary policy tightening begins, according to the March 2022 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.

WASHINGTON – Consumer groups are hailing an announcement by the big three credit bureaus-- Equifax, Experian, and TransUnion—that they will change how they report medical debt, which will result in the removal of nearly 70% of medical bills from credit reports.