BOSTON — Former NCUA Board Member Dennis Dollar weighed in on a speech by current NCUA Chairman Debbie Matz on Friday in which she revealed new details regarding a proposed risk-based net worth rule under development by the regulator. The proposed rule is expected by year-end.
During a breakout session on mergers at the NAFCU Annual Conference, Dollar broke off topic and said he supports the need for a rule that would build upon the current 7% net worth requirement for well capitalized credit unions.
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