CUs, NAFCU, NCUA meet today on asset securitization guidance

first_img continue reading » NAFCU-member credit unions and association and NCUA staff will meet today to discuss the progress on the agency’s upcoming asset securitization guidance and to go over various credit union questions and concerns on the topic.NAFCU-member credit union representatives from Navy Federal Credit Union, Pentagon Federal Credit Union and State Department Federal Credit Union will participate in today’s meeting. NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt, Director of Regulatory Affairs Alexander Monterrubio, Senior Regulatory Affairs Counsel Michael Emancipator and Regulatory Affairs Counsel Ann Kossachev will attend.Several members from the NCUA’s Office of Examination and Insurance are also participating.Regarding the NCUA’s upcoming guidance, NAFCU-member credit union representatives and the association will reiterate that the industry needs various aggregation mechanisms in place so that credit unions of all sizes can participate in the securitization program. The group will also discuss permissible investments related to a securitization retained interest, borrowing limit applicability and permissible transaction structures. 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more