HR 2769 - "The Credit Union Risk-Based Capital Study Act Of 2015"
A simple bill asking that the NCUA document why a risk-based capital (RBC) rule is necessary, if the rule is legal, and what the full impact and consequences of the rule will be on credit unions, their member-owners and the U.S. economy.
Who could have a problem with that?
Well evidently CUNA does! Although NAFCU has come out strongly and decisively in support of this "stop and study" proposal, CUNA is dithering, chewing its cud, doing a little wishy-washy....
WHAT'S THE PROBLEM? COULD IT BE HUBRIS?
"If you would like to lead the band,
you will have to face the music."
[Hey, if you're wrong you can always change your name!]
[Hey, if you're wrong you can always change your name!]
1 comment:
Hard to believe that CUNA would inform its leagues that they did not consider the legislation that would slow down RBC2 to be significant enough to vigorously pursue with Congress. The leaders at CUNA feel there are other "more important" issues to pursue. Really? Like does anyone think CUNA could get anything passed?
And does the CEO of CUNA even have a clue what is going on? His weekly newsletter reads like it was written by someone in kindergarten. Where do they find these guys? A former Congressman who knows nothing about how to manage a national trade association. Word is he is just riding out his multimillion dollar contract.
What a shame. That is the best they could do? They should have learned from the other guy who was a Congressman. His credibility on the Hill was about equal to that of Daffy Duck.
A CEO who fiddles while the industry burns. Is there anyone out there who will speak up and challenge the cronies he is listening to? Wasn't he hired to clean house and put things in order? Perhaps someone needs to remind him that his paycheck needs to be eeeeeeeeeearned.
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