Washington Wire – July 2, 2019
CUNA sent a comment letter on NCUA’s advance notice of proposed rulemaking (ANPR) regarding compensation in connection with loans and lines of credit to members.
CUNA supports the overall intent of the regulation, which is generally to appropriately limit undue risk to credit unions regarding lending. However, to remain competitive with banking counterparts, changes made to the regulation allowing additional compensation to senior executives is appropriate if there is an appropriate balance that incorporates sufficient risk management.
Read the full Washington Wire here.