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Revised RBC Proposal Stirs Up Legality Debate

The NCUA Board approved a revised risk-based capital rule at the agency's Jan. 15 board meeting, which reduced the number of credit unions subject to the new capital requirements and lowered the well-capitalized standard by 0.5%.

By Nicholas Ballasy | Updated on January 25, 2015

The NCUA Board approved a revised risk-based capital rule at the agency’s Jan. 15 board meeting, which reduced the number of credit unions subject to the new capital requirements and lowered the well-capitalized standard by 0.5%.

NCUA Board Member Mark McWatters voted against the proposed rule, arguing that the agency does not have the legal authority to implement a two-tier risk-based net worth system.

 

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