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WOCCU fires back at the Basel Committee, which said credit unions are nonbanks and suited for poor, unbanked consumers.
In a report to Congress, the NCUA also details what examiners will consider in addition to the RBC calculation when determining capital adequacy.
When approving the final rule by a 2-1 board vote, the NCUA stressed the rule will only require 16 credit union to take action.
NCUA Vice Chairman Rick Metsger and CUNA CEO Jim Nussle miss the mark with their words and actions.
Review changes to RBC2 approved in the final rule.
The House Financial Services Committee Chairman urges NCUA Chairman Debbie Matz to delay approving the RBC rule.
A final RBC2 rule makes the Oct. 15 board meeting agenda. Matz also addresses congressional concerns.
Our attempts to stay safe are actually producing more exposure to the risks we are trying to avoid.
The NCUA board is expected to finalize RBC2 during its Oct. 15 meeting.