House Financial ServicesSubcommittee on Oversight and Investigations Chairman PatrickMcHenry (R-N.C.) has asked NCUA Board Chairman Debbie Matz fordocumentation regarding the rationale behind the agency's proposedrisk-based capital rule.
“I ask that you provide the subcommittee with information abouthow the rule was developed and what impact it will have on thecredit union community in terms of growth and innovation, as wellas any impact on the larger economy and job creation,” McHenrywrote in a letter to Matz Monday.
McHenry asked the NCUA to publicly disclose in writing by July18 any cost-benefit analyses performed, metrics on assetclassifications and justification for revised risk weighting foreach asset class.
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