WASHINGTON — NCUA Board Chairman tried to advance the idea of risk based capital reform for credit unions during a Mar. 4 hearing before the Senate Committee on Banking, Housing and Urban Development.
The Committee had called the hearing to inquire into the health of the U.S. Banking industry during the current difficulties in the credit, housing and mortgage events.
Johnson's 24 pages of prepared comments for the hearing sought to walk the narrow line between acknowledging the rough economic environment in which credit unions find themselves and reassuring the Committee about their safety and soundness.
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