ALEXANDRIA, Va. (6/12/14)--The National Credit Union Administration's risk-based capital proposal received a record 2,052 comment letters by the May 28 deadline, surpassing the previous record of 1,300 received in 1995 on proposal that set all rules for federally insured corporate credit unions.
The agency said all RBC letters will all be posted to its website by today.
Next up for the NCUA is a series of listening sessions starting June 26 in Los Angeles. This will be followed by one in Chicago on July 10 and one at the NCUA headquarters in Alexandria, Va., on July 17. Each session will run from 1 to 4 p.m. local time.
NCUA Chairman Debbie Matz said Wednesday, "I always look forward to these interactive events, and I hope participants see them as opportunities for constructive dialogue."
She told News Now, " It's most productive when registrants come to a session with ideas for proposed solutions. NCUA board members and senior staff will be there to listen, so we'll ask participants to share with us suggestions for how they believe the regulatory and supervision process can be improved."
Space is limited at each session to 150 people, but the Chicago event was able to accommodate 170 attendees, due to additional space in the room. Since the Chicago session is full, additional registrants will be placed on a waiting list and will be notified if any current registrants cancel.
The Los Angeles and Alexandria sessions both have room for more with 117 and 131 people registered, respectively. Attendance numbers are as of June 9.
NCUA Chair Debbie Matz and board member Rick Metsger will attend all three sessions, while board member Michael Fryzel, who hails from Chicago, is currently scheduled to attend that session.
Also in attendance at the session and available for questions will be a number of NCUA staff, including Executive Director Mark Treichel, Director of Examination and Insurance Larry Fazio, General Counsel Mike McKenna, Chief Economist John Worth, Office of Consumer Protection Director Gail Laster, Office of Corporate Credit Unions Director Scott Hunt, and Office of Small Credit Union Initiatives Director Bill Myers, as well as regional directors and supervisory examiners.
The sessions will not be live-streamed or made available as recordings, but the NCUA said the sessions are open to photographers and press reporters.