NAFCU, Treasury talk RBC, more

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Shown: Treasury Acting Assistant Secretary Amias Gerety testifying in May before a Senate appropriations subcommittee.

July 11, 2014 – NAFCU Senior Vice President of Government Affairs and General Counsel Carrie Hunt and staff met Thursday with Treasury Acting Assistant Secretary for Financial Institutions Amias Gerety to share credit unions’ concerns about NCUA’s risk-based capital proposal and other pressing issues.

“Credit unions are working diligently to meet members’ financial needs amid an ongoing influx of new rules and supervisory pressures, and we appreciated Assistant Secretary Gerety’s openness and interest in hearing these concerns,” said Hunt.

Hunt was accompanied Thursday by Regulatory Affairs Counsel Alicia Nealon and Senior Economist Curt Long. In addition to risk-based capital, the group discussed NCUA’s approach to interest-rate risk, ongoing developments regarding housing finance reform and the future of government sponsored enterprises Fannie Mae and Freddie Mac, and cybersecurity.

Related Links:
Capital reform issue
"NAFCU underscores CUs' soundness in WSJ ," 6/23/14
Housing finance reform
Cybersecurity