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House Financial Services Subcommittee on Oversight and Investigations Chairman Patrick McHenry (R-N.C.) has asked NCUA Board Chairman Debbie Matz for documentation regarding the rationale behind the agency’s proposed risk-based capital rule.

“I ask that you provide the subcommittee with information about how the rule was developed and what impact it will have on the credit union community in terms of growth and innovation, as well as any impact on the larger economy and job creation,” McHenry wrote in a letter to Matz Monday.

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