NAFCU, CUNA at Odds Over “Stop and Study” Bill
While both trade associations believe that RBC2 is an improvement over the original RBC proposed rule, NAFCU has thrown in its support behind a Congressional bill, known as the “stop and study” bill, which would require NCUA to reevaluate the merits of RBC2 and justify the agency’s authority to impose the rule’s directives before proceeding with a final rule. CUNA believes that the chance of legislative action is remote and is questioning the costs involved in having the agency reevaluate the proposal. [6/25/15]
