New Bill Would Delay Finalization of RBC2
A new House bill would take the NCUA to task on its proposed RBC2 rule by requiring a public study on the appropriate capital requirements for federal and state chartered credit unions. The bill, which would delay the finalization of NCUA’s proposed rule, would also require the agency to explain its rationale for the risk weights assigned to specific assets and why credit unions should have similar or different capital requirements from other financial institutions. [6/16/15]
