NCUA Chairman Debbie Matz on Jan 20 released the so-called Hastings opinion, a legal opinion that supports the agency's authority to require two-tier risk-based capital standards.
The NCUA solicited the opinion, shown at left, from Washington-based firm Paul Hastings LLP in 2014 after legal challenges to the regulator's original risk-based captal proposal surfaced.
Click through to read all 13 pages of the opinion; click on the documents to expand.
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