CUNA's Hampel reminds Operation Comment can help with RBC2 letters
March 30, 2015
WASHINGTON (3/31/15)--Bill Hampel, CUNA's chief policy officer, reminded credit unions on Monday that credit unions should let their thoughts and suggestions on the National Credit Union Administration's revised risk-based capital proposal (RBC2) be known. Less than a month remains before the April 27 comment deadline.
"It's very important for credit unions, now that they've had two months to consider the proposal, to weigh in with comment letters." Hampel said. "It is quite a bit improved from the first proposal, but we're not there yet."
CUNA posted a new RBC2 comment letter guide online last week. The guide includes the major areas credit unions should consider when commenting, CUNA's position on those issues and how to submit comment letters.
In addition to submitting comments through mail, fax, email, the NCUA's website and the federal eRulemaking portal, credit unions can use Power Comment, which will automatically format and send comment letters to the NCUA.