The NCUA board voted to approve a final risk-based capital rule Thursday, that provides regulator relief for credit unions. While CUNA has concerns with NCUA’s overall approach to risk-based capital, it supports the changes.
While CUNA supports NCUA’s proposed delay of NCUA’s risk-based capital rule, it maintains that the rule continues to be “functionally unnecessary. CUNA submitted its comment letter on NCUA's proposed rule Thursday, comments are due Sept. 7.
NCUA issued a proposed rule to delay implementation of its risk-based capital rule by one year at its Thursday meeting. CUNA supports delaying the rule, but has pushed for a two-year delay through various pieces of legislation.
The House Appropriations Committee has adopted language by voice vote that reflects the concerns of CUNA and credit unions regarding the National Credit Union Administration's continuing work to issue a risk-based capital regime for credit unions.