NAFCU Strongly Opposes Stress Testing for Large Credit Unions
Carrie Hunt, Vice President of Government Affairs and General Counsel for NAFCU, submitted a comment letter to NCUA in which she urges the Agency not impose stress testing on credit unions with assets of more than $10 billion. Hunt states that the requirement would have little beneficial impact and would set a dangerous precedent in dividing the credit union industry in this manner. [12/31]