An advanced notice of proposed rulemaking (ANPR) on alternative capital tops a short agenda for Thursday’s NCUA meeting. The ANPR follows October’s board briefing on alternative, or supplemental, capital, and how credit unions could potentially raise it for risk-based capital purposes.
CUNA has long supported providing credit unions access to supplemental capital, and is encouraged to see the NCUA follow the previous discussion with the ANPR. An ANPR is issued by an agency before it issues a proposed rule, as a way to solicit input on how to best structure a proposal.
Last year’s briefing highlighted several issues the NCUA is struggling with when constructing a rule to benefit credit unions, including how to ensure credit unions leveraging supplemental capital to not pose a safety and soundness threat, and potential effects on taxation.
However, during the briefing, both NCUA Chairman Rick Metsger and board member J. Mark McWatters indicated they wished agency staff to continue to work on the issue.
The second item on Thursday’s agenda is a board briefing on statutory inflation of civil money penalties.
The meeting is scheduled to begin at 10 a.m. (ET), with a link to a live video stream available on NCUA.gov approximately 15 minutes before.