Credit Unions Say No Stress-Test Regulations Needed

Law360, Los Angeles (January 2, 2014, 9:43 PM EST) -- Large credit unions don’t need federal regulation to ensure they conduct robust stress tests to evaluate if they have sufficient capital to weather poor economic conditions, two top trade groups told the National Credit Union Administration this week.

The National Association of Federal Credit Unions and the Credit Union National Association sent comment letters Monday and Tuesday, respectively, to the national agency that oversees their members. The letters argue against new regulation proposed by the NCUA that would require some credit unions to conduct annual stress...
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