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From the Editors of CU Weekly
LEAGUE SUPPORTS H.R. 2769
06/30/15 09:57 AM
Sends Letter to Reps.
As first reported on the California and Nevada Credit Union Leagues’ Advocacy Blog
, late last week League CEO Diana Dykstra wrote a letter
to Representatives Stephen Fincher (R-TN) and Dennis Heck (D-WA) in support of their legislation H.R. 2769, the Risk Based Capital Study Act. This legislation requires the National Credit Union Administration (NCUA) to "stop and properly study," the proposed risk asked capital rule (RBC2).
"The stop and study bill is the next logical step for congress following their interaction over the first draft of the rule last year with the King-Meeks letter, which was signed by 324 of the 435 members of the House of Representatives, which expressed concerns with the first draft of the rule," said Jeremy Empol, the Leagues’ congressional lobbyist. "With the overwhelming majority of the House clearly concerned with RBC1 and 2, a bill halting the rule from advancing in the process just makes sense," concluded Empol.
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If your credit union would like talking points for an issue, such as member business lending (MBL) or supplemental capital, the Leagues' Consumer Advocacy Department can develop one to suit your particular needs. Please contact Public Affairs and Consumer Advocacy Specialist Tina Ramos-Ingold at firstname.lastname@example.org
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