NCUA Chairman J. Mark McWatters has endorsed a House Republicanplan to delay the agency's Risk-Based Capital rule, according to aletter obtained by CU Times.

“The legislation would not impede the NCUA's ability to managerisk at credit unions through other regulatory and supervisorymechanisms,” McWatters said in the letter sent Monday to Rep. BillPosey (R-Fla.). He added that the bill would not eliminate capitalrequirements for credit unions.

Posey has been pushing for a delay in the RBC rule. The HouseFinancial Services Committee on Tuesday approved legislation thatwould update the Committee on Foreign Investment in the UnitedStates. That bill also would delay implementation of the RBC rule,which is scheduled to go into effect on Jan. 1, 2019. The billwould delay implementation to Jan. 1, 2021.

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