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Two league presidents have written letters to their representatives in the U.S. Congress to support H.R. 2769, informally called the stop and study bill. The legislation would direct the NCUA to re-evaluate its proposed RBC rule, justify its merits and explain the agency’s authority to impose the capital requirement on credit unions.

In a June 22 letter, Patrick LaPine, president/CEO of the League of Southeastern Credit Unions and Affiliates, wrote a letter on behalf of 152 member cooperatives of the Florida Credit Union Association, to U.S. Rep. Bill Posey, (R-Fla.), a co-sponsor of the bill.

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Peter Strozniak


Credit Union Times

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