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Aug. 5, 2013 – NAFCU will encourage NCUA to continue its focus on regulatory relief in a letter headed to the agency today from association General Counsel and Vice President of Regulatory Affairs Carrie Hunt on NCUA's 2013 review of one-third of its regulations.

In the letter, Hunt will ask that the agency not limit its focus to the regulatory items listed on its agenda but address additional issues that she says "deserve the agency's immediate attention."

Hunt praised NCUA Chairman Debbie Matz's support for a risk-based capital framework for credit unions but said it should not divide credit unions into two groups according to asset size.

"Under the proposed framework, some credit unions would be required to shoulder a disproportionate amount of risk to the safety and soundness of the greater credit union system," Hunt wrote.

Also, Hunt advocated for the expansion of investment powers for credit unions, saying that while there are risks, "if risk management tools are appropriately conceived and implemented, the benefits of particular powers can greatly outweigh the risks."

Hunt's comments will be addressed further in tomorrow's NAFCU Today.