The NCUA has removed interest rate risk from the agency's risk-based capital proposal and plans to introduce a separate IRR rule in the future.

"That proposed rule is likely to come to the board in the first half of 2015," John Fairbanks, NCUA public affairs specialist, said Monday.

Paul Gentile, president/CEO of the Massachusetts Credit Union League, New Hampshire Credit Union League and the Credit Union Association of Rhode Island, attended an Oct. 30 meeting with NCUA Board Chairman Debbie Matz and other agency staffers where several regulatory issues, including IRR, were discussed.

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