CUNA Says Metsger Has Open Mind on RBC Changes
Following a meeting with NCUA Board member Rick Metsger, CUNA Deputy General Counsel Mary Dunn reported that she believes that Mr. Metsger has an open mind to changes to the proposed risk-based capital rule. CUNA will be meeting with NCUA Chair Debbie Matz later this week in an effort to promote revisions to the rule that would include lowering the RBC component for well-capitalized credit unions; revising the risk weightings for certain assets such as business loans, mortgages, mortgage servicing, and CUSO investments; and eliminating the provision that would allow examiners to set higher minimum capital requirements on an individual credit union basis. [6/19/14]
