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MBL Credit Unions Urged to Attend CUNA Webinar Aug. 20 Prior to MBL Comment Deadline
Thursday, August 6, 2015 6:55 AM

Cornerstone credit unions that do member business lending should have received a special email from Credit Union National Association about a free MBL webinar set for Aug. 20, "NCUA's MBL Proposal:  What You Need to Know Before You File Your Comment Letter."

CUNA has launched a multi-pronged effort in response to the National Credit Union Association's MBL proposal, which would completely overhaul NCUA's MBL regulation and result in significant changes to how credit unions offer business loans to their members. The proposal is open for comment through the end of the month, and it is critical that MBL credit unions weigh in. To learn more, click here

As we've reported in previous Leaguer articles, CUNA is looking for responses from credit unions to specific questions about their MBL programs (see below) and a push for well-crafted comment letters on this proposal is underway. Given the robust response in opposition to the proposal from bankers, we must ensure credit unions are well represented. Your comment letter is critical in this endeavor.

Please register here for CUNA's free Aug. 20 webinar on NCUA's MBL Proposal.

CUNA's questions for MBL credit unions are:

1.     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?

2.     Will the adjustments in the calculations of loans that count for the MBL statutory cap assist your credit union in making more MBLs?

3.     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?

4.     Are you comfortable that your examiner will be able to examine your portfolio and policies utilizing a principle-based rule?

5.     Does the removal of the waiver process benefit your MBL program?

6.     Does the distinction between commercial loans and member business loans benefit your MBL program?

7.     Will your credit union need to create a credit risk rating system or credit grading system in order to comply with the proposed rule?

Please send your feedback or questions to CUNA Chief Advocacy Officer Ryan Donovan at rdonovan@cuna.coop. Further, credit unions are encouraged to comment on the proposal using PowerComment

Reserve your spot in the CUNA webinar today.