The NCUA board will consider delaying the controversial Risk-Based Capital rule for one year and changing the definition of "complex" credit unions at its Aug. 2 meeting, according to a letter obtained by the CU Times.
The delay comes, as House Republicans attempt to enact a two-year delay of the rule.
Under the NCUA plan, the rule would go into effect on Jan. 1, 2020, rather than Jan. 1, 2019.
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