NAFCU at today's NCUA listening session in L.A.
June 26, 2014 – NAFCU Director of Regulatory Affairs Mike Coleman and Regulatory Affairs Counsel PJ Hoffman are set to attend today’s NCUA listening session in Los Angeles, which is expected to cover a range of credit union industry concerns and issues, including risk-based capital.
Carrie Hunt, NAFCU’s senior vice president of government affairs and general counsel, discusses today’s upcoming session in a brief NAFCU Todayvideo. In her message, Hunt notes the association’s ongoing concerns about the risk-based capital proposal and other issues that are emerging, including NCUA’s focus on interest-rate risk.
Hunt encourages credit unions to participate in the sessions; NAFCU will attend all three.
“NAFCU welcomes the opportunity for you, our members, to weigh in – in person – with NCUA Chairman Debbie Matz and Board Member Rick Metsger and NCUA staff,” Hunt says. “These meetings, including the one being held this afternoon, are a great opportunity for you to tell NCUA directly about the issues that matter to you most.”
NCUA has received more than 2,000 comment letters from credit unions and their trades – including NAFCU – on the proposed risk-based capital rule, and NAFCU is continuing its dialogue with the agency in its effort to ensure any final rule is fair for all credit unions.
More than a dozen NAFCU member credit unions are set to take part in today’s listening session. NAFCU will keep members apprised of today’s session.
NAFCU Today video
NCUA's listening sessions
NAFCU's comment letter
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