Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NEW: May 28 is comment deadline on NCUA risk-based capital plan
WASHINGTON (2/27/14, UPDATED 9:16 a.m. ET)--May 28 is the public comment deadline for the risk-based capital plan proposed by the National Credit Union Administration earlier this month, according to a document publish this morning in the Federal Register .

The Credit Union National Association urges credit unions to weigh in on the proposal and let regulators know their concerns regarding the risk-based approach to capital.

CUNA, as reported, has also encouraged the agency to hold public hearings that, in combination with the important step of comment letters, it says will produce an official record of discussions between credit unions and NCUA leadership that could do much to assist the NCUA board in determining the best path for proceeding on the rule.

CUNA supports a modern risk-based capital system for credit unions--in fact, CUNA President/CEO Bill Cheney declare that from the podium in front of 4,400 credit union advocates here this week for the association's 2014 Governmental Affairs Conference.

"What we don't support is layering additional capital requirements on top of our one-size-fits-all outdated system of prompt corrective action," he said
.
CUNA has also voice concerns about credit unions' capital buffers. The association has executed a detailed analysis that indicates the proposed risk-based capital rule would require credit unions to add a combined $10.5 billion to their capital just to maintain the levels that they have now to retain current margins above proposed "well capitalized" thresholds
CUNA has produced a video segment on the steps for writing an effective comment letter on this issue. (See resource link.)
Other Resources

Inside Exchange
RSS





print
News Now LiveWire
Just announced: @TheNCUA board will consider a revised risk-based capital rule at its Jan 15 mtg. See #NewsNow Monday for more info.
1 hours ago
Nearing one-yr anniversary of data breach, @Target asks for class action suits to be dismissed via @BloombergNews http://t.co/kra6kupd35
2 hours ago
.@PeoplesTrustFCU has been recognized with the Juntos Avanzamos designation by @Cornerstone_CUL for its service to the Hispanic community
3 hours ago
#NewsNow: Rep. Hensarling names #HFSC subcommittee chairs. http://t.co/dXAMZdpn1p
3 hours ago
#NewsNow: Expanded foreclosure protections being considered by @CFPB. http://t.co/SkV6eIc62j
4 hours ago