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NCUA Board Member Mark McWatters told NAFCU in a private meeting last week that he favors having a second public comment period on NCUA's risk-based capital proposal.

"NAFCU appreciates Board Member McWatters' support of a second comment period which he expressed in our meeting with him yesterday," Carrie Hunt, NAFCU's senior vice president of government affairs and general counsel, said Friday. "We share his viewpoint that a second comment period is necessary given congressional and industry concern."

McWatters made his comments in a meeting that included Hunt and NAFCU President and CEO Dan Berger. NAFCU is strongly urging the agency to put its proposal out for a second comment period once it has incorporated changes, before it finalizes the rule. In addition to specific changes in the rule – particularly regarding the proposed risk weights – NAFCU is also pressing for an implementation period of at least three years.