With the release of the National Credit Union Administration’s revised risk-based capital proposal (RBC2), credit unions should be prepared to analyze the proposal and engage in the regulatory process, says Credit Union National Association President/CEO Jim Nussle. The CUNA leader sent a letter to members of the U.S. Senate and House Friday with information about the proposal, as well CUNA’s stance on the revised plan.“We need to continue our engagement and continue taking a very careful look at what’s in the rule. We want to know how the different parts of the proposal will impact the entire credit union community,” Nussle said. “The devil is very clearly in the details, and those details are things credit union stakeholders will understand much more acutely as those involved in the day-to-day operations of your institutions. So we need to hear how it impacts you.”NCUA Chair Debbie Matz, Vice Chair Rick Metsger and board member J. Mark McWatters all cited the 2,056 comment letters received on the initial proposal as a major impetus behind many of the changes. In addition, a major part of the agency’s 500-page RBC2 plan takes up many CUNA concerns and comments.See the below video to hear Nussle’s thoughts on how credit unions can help shape RBC2 going forward by engaging and analyzing the proposal. continue reading » 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Updated at 2:15 p.m. on April 12, 2018. The House released its farm bill today, with House Agriculture Chairman Mike Conaway taking questions from the media this afternoon. Read ASA’s response here. The House Agriculture Committee is expected to mark up the farm bill next week.House Agriculture Committee Democrats oppose SNAP provisions in the GOP proposal and say they won’t support a bill that includes them.Why does it matter? With the current farm bill set to expire in September 2018, there are still several obstacles to clear before passing a new bill. Crop prices are down 40 percent, and farm income is down 50 percent since 2013.What is the American Soybean Association (ASA) doing for soy growers? ASA participated in nine hearings and listening sessions on the bill, held by the House and Senate Agriculture Committees. ASA is working closely with other farm organizations to enhance risk management tools and support enactment of a farm bill in 2018 that will strengthen the farm safety net, in order to offset the significant reduction in farm prices and income incurred since 2013. See more on ASA’s farm bill positon.What can you do to generate support for a strong 2018 farm bill? Keep up to speed on what ASA is doing and why it’s important. Call, write or post on social media. Ramp up your #FarmBill social media messages next week, as we expect the first mark up. Tell Congress why it’s important to keep the farm bill on track for a timely passage and why it matters to growers.