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The NCUA’s proposed Risk-Based Capital Rule is the most significant regulation credit unions have faced in several years. At this first Listening Session, discussions about the proposal dominated the meeting.
The Listening Session provided a great opportunity to be heard. Credit union leaders voiced their concerns on the proposed rule’s risk weightings, calibrations for concentration and interest rate risks, the definition of a “complex credit union,” opportunities to comment on a second proposal, the rule’s competitive disadvantage, and other issues.
“We want to thank attendees for raising their voices and making a powerful impact, as well as those who engaged in the comment letter process,” said Diana Dykstra, president and CEO of the Leagues.