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Credit unions are having their say over the NCUA’s revised risk based capital rule, also known as RBC2. Comment letters have arrived in near record numbers in anticipation of Monday’s midnight deadline.

As of 2:30 p.m. Eastern time, NCUA Board Secretary Gerald Poliquin received more than 1,900 letters and emails from credit unions, trade associations and other interested parties, including credit union members. In large part, those letters not only criticized aspects of the revised rule itself, but also whether credit unions need to be subjected to risk-based capital requirements in the first place.

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