The NCUA must withdraw its risk-based capital proposal immediately, NAFCU SVP writes.
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NAFCU believes the cost to the industry in capital alone does not match the true risk in the system.
Citing the financial crisis as the catalyst for the NCUA's RBC proposal is an overgeneralization of a complex issue.
The NCUA can provide federal credit unions more flexibility through revisions to existing field of membership rules.
If the credit unions that generate the most cost to the share insurance fund are not going to hold more capital, why create new capital rules?
This Opinion piece lays out NAFCU's concerns about upcoming NCUA changes in risk-based capital rules.