The NCUA revealed at two July Listening Sessions several areas of the risk-based capital proposal the agency is planning to change.
Credit unions have been calling for more time to comply with the new capital requirements once the rule is finalized. At the Chicago Listening Session July 10, NCUA Chairman Debbie Matz announced the implementation period would be extended. July 17, at the Alexandria, Va., Listening Session, Matz was more specific, telling credit unions the phase-in period would be "considerably longer" than the 18 months originally proposed.
Matz informed credit unions with agricultural lending issues that their concerns would be addressed in the final rule.
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