CUNA officials told Credit Union Times they think the NCUA's listening sessions announced Thursday are a good step toward meeting the trade association's calls for public hearings on the NCUA's risk-based capital proposed rule.
CUNA pressed for the hearings in a Feb. 14 letter to NCUA Chairman Debbie Matz.
"It's a little different approach, but it's a good approach," said Eric Richard, CUNA's executive vice president and general counsel. "We commend (the NCUA) for being open to hearing what credit unions think about this proposed rule and other topics."
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