ALEXANDRIA, Va. — The National Credit Union Administration approved a final rule on capital planning and stress testing at its open board meeting Thursday that contained some changes — but maybe not enough to satisfy credit unions.

The rule, which is projected to cost federally insured CUs $5 million in the first year, did not pass unanimously, with Republican Board Member Michael Fryzel the lone dissenting vote. Chairman Debbie Matz and Board Member Richard Metsger, both Democrats, voted in favor of the rule.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.