When we discussed which stories from 2015 should be included in our annual Year in Review wrap-up, I joked that while NCUA Chairman Debbie Matz promised this would
NCUA received a record number of comment letters on its risk-based capital proposal—a record that would promptly be shattered months later when bankers took a page from the CU advocacy handbook and cranked out a torrent of letters on the agency's proposed changes to member business lending rules.
But when Credit Union Journal asked experts
Although the two big-ticket regulatory reform items on NCUA's agenda are still pending—updating the regulator's field of membership rules and amending its rules on member business lending—that they are even tackling these items is a sign the agency is serious about paring back restrictions where it can, and a number of "smaller-ticket" items have already been implemented.
Some will say the regulator still hasn't gone far enough (no doubt bankers will suggest they've gone way too far already). But one group we haven't heard from is you.
Do you think 2015 has been "the Year of Regulatory Reform" or do you think it should be known by a different slogan entirely? Has your CU reaped the rewards of NCUA's efforts to streamline regulation, or do you still feel swamped by the compliance burden?
To have your say, just scroll down to the bottom of this page where the comments function is located. There you can type in your thoughts on this topic and even respond to other comments that are posted there. We'll feature the comments in upcoming coverage.
And keep an eye out for more "where are they now" updates on some of 2015's most important, most interesting—and, in some cases, simply the quirkiest—stories of the year in the days and weeks ahead .
Editor in Chief Lisa Freeman can be reached at lisa.freeman@sourcemedia.com.
