It provides certainty and clear rules for credit unions. It's another thing to provide clear rules and certainty to credit unions as a bad thing. The question really is, if the credit unions are not asking for this, then why are we here? I kind of agree with the general principle of financial institutions being treated equally; however, credit unions have unique capital challenges, as you well know, and I don't know whether this works for or against them.
On November 2nd, 2017. See this statement in context.