My 9 takeaways from CUNA’S GAC

Yours truly is back from GAC after a splendid  time waiting with my co-workers at the airport on a two hour delay. Here are some final thoughts, many of which are worthy of stand-alone blogs in the near future. I am sure you can’t wait.

  1. By hook or by crook, alternative capital is going to happen. In his speech before the assembled masses, NCUA Chairman McWatters signaled that today’s ANPR will be tomorrow’s proposed rule. Please share your thoughts.
  2. It’s quite possible that the Temporary Corporate Stabilization Fund will be folded into the share insurance fund by the end of the year, raising the possibility of future rebates. Remember that this is all subject to unforeseen developments.
  3. In a victory for the bankers, the chairman mentioned, almost in passing, that new regulations will include making charter expansions subject to a comment period. This has important legal and policy implications. It is something that the bankers and/or Keith Leggett have been advocating for years.

 

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