ALEXANDRIA, Va.—The NCUA board discussed the revised risk-based capital proposal at Thursday’s open board meeting during which the proposal was approved by a 2-1 vote.
Board member Mark McWatters was the dissenting vote, and challenged the agency’s authority to issue a two-tiered RBC rule.
Below are full statements and excerpts from McWatters, Chairman Debbie Matz, and Vice Chairman Rick Metsger. Click on the links to access the statements.