The comment period on the NCUA’s proposed risk-based capital rule is closed. The listening sessions are over. With more than 2,000 comment letters submitted and packed attendance at the three regional listening sessions, the proposed risk-based capital rule has garnered widespread concern among the credit union industry, to say the least.

In addition, lawmakers have also raised a multitude of questions. In a remarkable bipartisan effort, legislators from both sides of the aisle joined in record numbers to express their concerns regarding NCUA’s risk-based capital proposal.

In May, led by Reps. Peter King (R-N.Y.) and Gregory Meeks (D-N.Y.), 324 members of the House of Representatives asked in their own letter to NCUA Chairman Debbie Matz to consider significant changes to this proposed rule.

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Dan Berger


Credit Union Times

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