Congressional Bill Calls for RBC Rule Review

A new Congressional bill introduced Monday takes the NCUA to task for the standards it has established for subjecting credit unions to its revised risk-based capital requirements. If passed, the bill would delay the finalizing and implementation of RBC2 and force the agency to provide more information on whether risk-based standards are even necessary.

The bill, named “The Credit Union Risk Based Capital Study Act of 2015” was introduced by Reps. Stephen Fincher (R-Tenn.), Bill Posey (R-Fla.) and Denny Heck (D-Wash.) Its language would direct the NCUA to conduct a public study of the appropriate capital requirements for credit unions, as well as other stipulations regarding their actions in the matter.