ALEXANDRIA, Va. (5/30/14)--The National Credit Union Administration logged in 1,850 comment letters on its risk-based capital proposal as of Thursday morning, and reported spaces still open for each of its three "listening sessions" across the country.
The comment deadline was 11:59 p.m. (ET) May 28. However, NCUA Chair Debbie Matz has assured that the federal regulator would consider comments received any time prior to finalization of the rule.
Each of the NCUA's post-comment period listening sessions is open to 150 attendees. The NCUA said the June 26 session in Los Angeles has 98 registrants, 126 have registered for the July 10 session in Chicago, and 120 have registered for the final listening session in Alexandria, Va. on July 17.
The Credit Union National Association encourages credit unions to stay engaged in the RBC regulatory process as the NCUA works to create a final rule. CUNA filed its own comment letter prior to the deadline, calling the current proposal "seriously flawed" and suggesting a series of improvements.
Use the resource link to read News Now on the CUNA comment and to access the letter.