ALEXANDRIA, Va.—The NCUA Board will release its proposal on risk-based capital at its meeting this week on Thursday and interest is so high that the agency has already announced it has added overflow seating for those who plan to be in attendance at its headquarters here for the board meeting.
In addition, more than a week ahead of the meeting both CUNA and NAFCU had already expressed “concerns” over the proposal, which has not yet been released.
The new proposal, however, is actually a revised proposed risk-based capital rule. The agency released a proposal in early 2014 that drew considerable criticism and comment letters from credit unions and their trade group, and in September 2014 NCUA said it would re-issue the rule as “significant structural changes” were being considered. The new rule is expected to go out for a 60-90 day comment period.
CUToday.info will provide full coverage from the NCUA board meeting and the credit union community.
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Before Risk-Based Capital Proposal is Out, Trades Express 'Concern'