WASHINGTON—CUNA views NCUA’s 2015 focus on regulatory reform as a starting point, and hopes to partner with agency to bring regulatory relief to credit unions.
At the CUNA Governmental Affairs Conference Tuesday, NCUA Chairman Debbie Matz committed to making 2015 the “year of regulatory relief,” promising that the risk-based capital rule will be the last significant safety and soundness rule change from the agency for the foreseeable future. She also added that a separate interest rate risk rule may not be coming, and outlined five areas of regulatory reform.
“I commend NCUA Chairman Matz for laying out today at CUNA's GAC five areas of regulatory reform that resonated well with our near 5,000 attendees,” said CUNA President Jim Nussle in a statement. “We view this as a starting point not an ending one, and I look forward to working with NCUA to achieve as much regulatory relief as possible for credit unions, their members and their communities."