NCUA’s revised RBC rule coming January 15th

first_imgby: Nicholas BallasyThe NCUA’s revised risk-based capital proposed rule is on the agenda of the agency’s Jan. 15 board meeting. The agenda was posted Thursday on the NCUA”s website.CU Times asked NCUA Board Chairman Debbie Matz if she thinks the revised proposal will be well-received by the industry.“Absolutely. Of course I don’t expect to hear from them, ‘thank you.’ I don’t see this rule as something that most credit unions would welcome – not because they’re going to be adversely affected, because the vast majority of credit unions won’t be – but I think it’s just the fear of a new regulation that they’re not familiar with,” Matz said in an interview Tuesday. “I think once they have to deal with it, I think they will realize that there really wasn’t much to be concerned about because the vast majority of credit unions won’t be immediately impacted by it.”NCUA Board Member Rick Metsger said no one should be surprised by the content of the revised risk-based capital proposal. continue reading » 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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