WASHINGTON — Rep. Blaine Luetkemeyer (R-Mo.) said NCUA BoardChairman Debbie Matz was essentially asking Congress not to do itsjob when she asked the House Financial Services committee to rejectany amendment related to the risk-based capital proposal.

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His comments were made during a speech on Wednesday at NAFCU'sCongressional Caucus.

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“I also request that the House Financial Services Committeerefrain from considering amendments at tomorrow's markup related toNCUA's risk-based capital proposed rule, because this rulemaking isessential to protecting the safety and soundness of federallyinsured credit unions,” Matz wrote in a letter to House Financial Services Committee Chairman JebHensarling (R-Texas) and Ranking Member Maxine Waters (D-Calif.) inJuly.

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Luetkemeyer, a member of the House Financial Services Committee,had sponsored an amendment to the Community Bank Mortgage ServicingAsset Capital Requirements Study Act of 2014, which would haveincluded the NCUA among the federal agencies required to conduct astudy of appropriate capital requirements for mortgage servicingassets. If approved, it could have delayed any action from the NCUABoard on the proposal.

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“Here's a regulator petitioning us, Congress, not to do our job.I mean, it's just beyond explanation. They don't want anyoversight. They don't want anybody to interrupt their little gamesthat they're playing,” Luetkemeyer said on stage at NAFCU'scaucus.

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The amendment was ultimately not approved by the committee.

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The NCUA did not immediately respond to a request forcomment.

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