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Audio of NCUA's Chicago Listening Session available on
WASHINGTON (8/8/14)--An audio recording of the National Credit Union Administration's July 10 Listening Session in Chicago is now available on the Credit Union National Association's website.

The event was the second in a series of three Listening Sessions the agency hosted across the country.

More than 160 people attended the Chicago session, where the primary topic of discussion was the agency's proposed risk-based capital (RBC) rule. NCUA Chair Debbie Matz and board member Michael Fryzel, who hails from Chicago, were in attendance.

Fryzel told those in attendance that "everything is on the table" when it comes to changes to the proposal, and that the goal was "a rule that provides safety and soundness without unduly limiting credit union operations."

Matz said during the session that the proposed rule's 18-month implementation period is likely to be extended, and said while the rule will go forward, the agency would address issues that have been identified.

The session also addressed fines for late call report filers and interest rate risk. (See resource link for related News Now story: 62 CUs pay total $57,750 for late call reports.)

The Illinois Credit Union League provided the audio. CUNA has also posted the audio from the June 26 Listening Session in Los Angeles. The audio from the July 17 session in Alexandria, Va., will be added  soon.

Use the resource links below to access the sessions.

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