Hensarling Urges Matz to Delay RBC2
In a last minute push, Jeb Hensarling, Chair of the House Financial Services Committee, has sent a strongly-worded letter to NCUA Chair Debbie Matz urging her to delay today’s scheduled vote on a final risk-based capital rule. Hensarling referenced pending legislation in the House that would require NCUA to conduct an impact study before finalizing the rule and additional research on the agency’s legal authority to finalize and enforce RBC2. [10/15/15]