July 22, 2014

Matz at NAFCU's Annual Conference today

July 23, 2014 – NCUA Board Chairman Debbie Matz will speak at NAFCU's Annual Conference and Solutions Expo in Las Vegas today, almost a week after the conclusion of the agency's listening session series.

The three listening sessions focused on the agency's proposed risk-based capital rule, which Matz said this week will have a longer implementation period than the originally proposed period of 18 months.

Matz said Monday that the "spirited discussion" at the three listening sessions showed that the agency and credit unions have the same goals of "safety and soundness, prudent lending and effective regulation."

NAFCU continues to raise concerns about the proposal's risk weights, which differ from those of the FDIC, and to urge an implementation period of at least three years.

"We appreciate NCUA's willingness to host the listening sessions and engage stakeholders as it considers changes to its proposed rule," said Director of Regulatory Affairs Michael Coleman. "NAFCU, our members, and conference attendees look forward to Chairman Matz's remarks today on not only the proposed risk-based capital rule, but also important industry issues and trends."

NAFCU's Annual Conference kicks off today with the event's opening general session. Prior to Matz, general session attendees will hear from Lee Wetherington, director of strategic insight at ProfitStars, and Doug Duncan, senior vice president and chief economist of Fannie Mae.

Educational breakout sessions and the Solutions Expo, featuring the latest, cutting-edge solutions available to the credit union industry, fill out the day's program. See the full line-up.