ALEXANDRIA, Va. —The NCUA Board on Thursday approved a proposed rule that would eliminate the 5% fixed assets cap.
Legislative add-on that would have delayed the risk-based rule's implementation fails to advance past committee.
Mark McWatters has been cleared to become the next member of the NCUA Board.
NCUA Board member also recommends RBC rule changes.
Chairman Debbie Matz says the agency will change "more than a few" risk weights proposed.
College professor Mark McWatters will succeed Republican Michael Fryzel.
Watch NCUA Chairman Debbie Matz discuss proposed rules approved Thursday by the board.
Proposed rules approved by the NCUA board would make credit union securitized loans more marketable.
A proposal by the NCUA regarding risk-based capital has gotten much attention.
Do all 2,052 risk-based capital comment letters matter to the NCUA board when many read alike?