ALEXANDRIA, Va. — The NCUA Board has two proposals up for review for next week's meeting.
A Prompt Corrective Action reform proposal will be up for debate. The Credit Union Regulatory Improvements Act (H.R. 1537) includes an agency-backed provision to establish a risk-based capital system for credit unions. However, a legislative change is necessary for natural person credit unions.
The other item on the agenda is a proposed rule on part 701.23 of NCUA's rules concerning the purchase, sale and pledge of eligible obligations.
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June's monthly NCUA Board meeting is scheduled for Thursday, June 21 at 10 a.m. at NCUA's Alexandria, Va. headquarters.
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