Becker and Leggett to Debate Risk-Based Capital
WASHINGTON-Top credit union and bank trade association officials are preparing to publicly go head-to-head on the issue of risk-based capital for credit unions. NAFCU President and CEO Fred Becker and American Bankers Association Senior Economist Keith Leggett are slated to debate risk-based capital for credit unions before members of the Metropolitan Area Credit Union Management Association on Jan. 9 at the Key Bridge Marriott in Arlington, Va. Credit unions have been pushing the issue in Congress with support coming from more than 100 lawmakers for the Credit Union Regulatory Improvements Act (H.R. 2317). ABA has stated that the framework proposed by NCUA is unacceptable and inappropriate for the non-profit financial cooperatives. Credit Union Times will be there to see and report the clash.