Congressional sponsors of H.R. 2769, known as the Stop and Study bill, urged NCUA Chairman Debbie Matz Tuesday to voluntarily conduct the risk-based capital study detailed in the legislation before approving the final rule.
Numerous sources said the NCUA board will likely vote Oct. 15 to finalize RBC2; however, the board agenda will not be released until Thursday.
The House Financial Services Committee approved the Risk-Based Capital Study Act Sept. 30 by a 50-9 vote. The bill would require the NCUA to review its risk-based capital rule and report back to Congress the impact the rule would have on credit unions and their members. It would also require the NCUA to conduct additional research regarding whether or not it has the legal authority to finalize and enforce RBC2.
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