Nearly 75% of the U.S. House of Representatives signed a letter addressed to NCUA Board Chairman Debbie Matz that expressed concerns with the agency's proposed rule on risk-based capital.
The letter was written by Reps. Peter King (R-N.Y.) and Gregory Meeks (D-N.Y.), both members of the House Financial Services Committee, and was signed by 173 Republicans and 151 Democrats, according to CUNA.
Of the 60 members on the House Financial Services Committee, 49 signed the letter, including 23 of the 28 Democrat members and 36 of the 42 Republicans.
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