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CUNA's MBL Webinar Happens Today—Join in at Noon
Thursday, August 20, 2015 6:45 AM

Credit union stakeholders are strongly encouraged to attend today's webinar on the National Credit Union Administration's member business lending (MBL) proposal to have a close look at its effect on credit unions. The webinar takes placed today from noon to 1 p.m. (CT).

The NCUA proposal would remove nearly all MBL regulations not required by the Federal Credit Union Act, and would allow credit unions to write their own policies and limits on collateral and security requirements. CUNA has prepared a detailed summary of the proposal for your review.

The webinar will feature Bill Hampel, chief policy officer; Ryan Donovan, chief advocacy officer; and Lance Noggle, senior director of advocacy.

Comments on the proposal will be accepted by CUNA until Aug. 24. Specifically, CUNA is interested in feedback on the following questions:

  • Do you believe that the switch from a prescriptive rule to a principle-based rule will provide you more flexibility in making business loans? Why or why not?
     
  • Will the adjustments in the calculations of loans that count for the MBL statutory cap assist your credit union in making more MBLs?
     
  • Does the proposed rule provide you with sufficient clarity to know what will be required in your policies/procedures? How will the proposed rule affect your current lending practices/policies?
     
  • Are you comfortable that your examiner will be able to examine your portfolio and policies utilizing a principle-based rule?
     
  • Does the removal of the waiver process benefit your MBL program?
     
  • Does the distinction between commercial loans and member business loans benefit your MBL program?
     
  • Will your credit union need to create a credit risk rating system or credit grading system in order to comply with the proposed rule?