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?
Both CUNA and NAFCU say the NCUA's letter to Congress on risk-based capital doesn't address concerns.
NCUA Chairman Debbie Matz also told Congress the board will consider extending the rule's phase-in period.
Credit unions shouldn't have to engage in such a convoluted regulatory kabuki dance to serve more consumers.
Board Chairman Debbie Matz says 18-month phase-in after approval "is not etched in stone."