ALEXANDRIA, Va. — The NCUA Board showed its unanimous support for the Prompt Corrective Action proposal currently included in the Credit Union Regulatory Improvements Act (H.R. 1537) at today’s meeting.

The proposal would eliminate the current “one-size-fits-all” approach to PCA. The 2007 version of the risk-based capital proposal bumped the leverage ratios up 25 basis points from the previous proposal in the last Congress. This change was made to account for differences between the credit union and banking system, but NCUA’s proposal closely mirrors the Basel 1a proposal.

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