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WASHINGTON — NCUA Chairman JoAnn Johnson asked a group of credit unions visiting Washington, D.C. last week to help with two legislative priorities of the agency: risk-based capital and providing the authority for all charter types to adopt underserved areas.

Regarding Prompt Corrective Action reform, Johnson commented, “It’s a system that isn’t exactly the same as the other banking regulators but it is very comparable.” Risk-based capital “would allow you, the industry, and us, the regulator to manage risk more effectively,” she said.

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