Removing Barriers Blog

House Appropriations Committee Adds Language Cautioning NCUA on the RBC Rule
Posted June 17,2015 by CUNA Advocacy

The House Appropriations Committee adopted language today by voice vote regarding the National Credit Union Administration's continuing work to issue a risk-based capital (RBC) regime for credit unions. The Committee recognized the ongoing concerns of CUNA and credit unions with the rule.

Specifically the Committee adopted the following language: “The Committee is aware that the agency has released a revised risk-based capital proposal and that there were a large number of comments received. Consistent with safety and soundness and before finalizing the rule, the Committee encourages NCUA to give careful consideration to the comments, including those related to risk weights, to ensure credit is readily available to consumers, family farms, and small businesses to support job creation."

CUNA has thanked the NCUA for substantial improvements made in its revised RBC proposal, but has remained concerned that further change is needed to better reflect the realities credit unions face, and we are hopeful this language from Congress will help encourage the NCUA to make further refinements to the rule.