Lobby of the NCUA.
NCUA Chairman J. Mark McWatters has endorsed a House Republican plan to delay the agency's Risk-Based Capital rule, according to a letter obtained by CU Times.
"The legislation would not impede the NCUA's ability to manage risk at credit unions through other regulatory and supervisory mechanisms," McWatters said in the letter sent Monday to Rep. Bill Posey (R-Fla.). He added that the bill would not eliminate capital requirements for credit unions.
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