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July 14, 2014 – NAFCU will air credit unions' concerns about risk-based capital and other regulatory matters during a House subcommittee hearing tomorrow on regulatory relief and at NCUA on Thursday during the agency's third and final listening session of the summer.

NAFCU witness David Clendaniel, president and CEO of Dover Federal Credit Union in Dover, Del., will discuss the impact of overregulation on his institution tomorrow during a hearing of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, chaired by Rep. Shelley Moore Capito, R-W.Va.

Clendaniel will talk to the panel about various regulatory relief proposals, the impact of new rules on his credit union's operation and members since enactment of the Dodd-Frank Act, and rules yet to come. The hearing is set for 2 p.m.

NAFCU will also monitor discussion of the proposed risk-based capital rule at NCUA's final listening session in Alexandria, Va., on Thursday. NAFCU also attended the two sessions held recently in Los Angeles and Chicago and posted recordings of the sessions online.

As NCUA continues to consider next steps for this proposed rule, NAFCU will continue to press for significant changes, among them:

• risk-weighting that does not place credit unions at a competitive disadvantage with community banks;
• clear guidance on capital expectations instead of a potentially arbitrary "individual minimum capital requirement"; and
• an implementation and compliance period of at least three years.