Newsroom

The full House Financial Services Committee has scheduled its mark-up of a NAFCU-sought bill that would require NCUA to "stop and study" its risk-based capital proposal, and other bills, for 10 a.m. Eastern Sept. 30.

The RBC study bill, H.R. 2769, was introduced by Reps. Stephen Fincher, R-Tenn., Denny Heck, D-Wash., and Bill Posey, R-Fla. It would require NCUA to review RBC2 and report back to Congress on the agency's authority to issue a two-tier, risk-based capital rule and the impact the rule would have on credit unions and their members.

The Sept. 30 mark-up will also include the NAFCU-supported H.R. 1266, which would replace the CFPB director post with a bipartisan commission; and H.R. 957, which would transfer authority to appoint a CFPB inspector general from the Federal Reserve to the president.

NAFCU reported to its members on a potential mark-up during the association's Sept. 22 member call-in.