NAFCU Vice President of Regulatory Affairs Ann Petros Tuesday wrote to the NCUA urging the agency to amend the definition of commercial loan and raise the current threshold for net aggregate business loans excluded from the definition of a commercial loan from its current threshold of $50,000 to $250,000.
NAFCU Senior Counsel for Research and Policy Andrew Morris wrote to the Federal Reserve Tuesday to reiterate the association’s support for its proposal to publicly disclose which depository institutions have access to Reserve Bank accounts and financial services. Morris stated that NAFCU supports the Fed developing a transparent and risk-based policy for granting access to Reserve Bank accounts as non-traditional institutions seek access.
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