NCUAChairman Debbie Matz on Jan 20 released the so-calledHastings opinion, a legal opinion that supports the agency'sauthority to require two-tier risk-based capital standards.
The NCUA solicited the opinion, shown at left, fromWashington-based firm Paul Hastings LLP in 2014 after legalchallenges to the regulator's original risk-based captalproposal surfaced.
|Click through to read all 13 pages of the opinion; click on thedocuments to expand.
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