NCUA official seal NCUA official seal. (Source: NCUA)

As the NCUA board met for what is likely Rodney Hood’s last meeting as chairman, NCUA Board Member Todd Harper accused the agency of rushing poorly conceived, “half-baked” proposals on Risk-Based Capital and CUSOs for board consideration.

“Once again, we are presented with a proposal that is bad public policy, has nothing to do with helping credit unions and their members weather the economic crisis caused by the COVID-19 pandemic, and is half-baked,” Harper said as the board considered a proposed rule to increase the definition of “complex” credit union from to one that has $50 million in assets to one that has $500 million in assets.

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Credit Union Times

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