ALEXANDRIA, Va. — The NCUA giveth and the NCUA taketh away.
At its Dec. 15 meeting the agency's board proposed placing more restrictions on loan participations while granting credit unions greater flexibility in other areas.
Federally insured credit unions could only purchase loan participations from a single originator totaling no more than 25% of the credit union's net worth, according to a proposed rule the board sent out for a 60-day comment period.
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