The U.S. Capitol Building.
NAFCU is pushing Congress to enact a two-year delay for the NCUA's Risk-Based Capital Rule, contending that the one-year delay adopted by the agency board last week is not long enough to address its concerns.
The NCUA board last week approved a final rule that delays the implementation of the Risk-Based Capital Rule from Jan. 1, 2019 to Jan. 1, 2020. The rule also increases the asset level for credit unions to be required to follow the rule from $100 million to $500 million.
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