May 28, 2014

Next for RBC: Listening sessions

May 29, 2014 – The public comment period on NCUA's proposed risk-based capital rule has expired, but credit unions have additional opportunities to make their views heard: NCUA's summer listening sessions.

NCUA Board Chairman Debbie Matz is hosting the three sessions. Credit unions will be able to air concerns about any issue they have with the agency's rules or processes, and Matz says the sessions will precede the agency's issuance of any final rule on risk-based capital.

The listening sessions are scheduled June 26 in Los Angeles, targeted to credit unions in Region 5; July 10 in Chicago, for Regions 3 and 4; and July 17 in Alexandria, Va., for Regions 1 and 2. NCUA Board Member Rick Metsger and key staff will also attend.

NAFCU submitted its comment letter on NCUA's risk-based capital proposal Tuesday and also shared its letter with all members of the House and Senate.

Mike Coleman, NAFCU's director of regulatory affairs, recorded a brief, three-minute video to express thanks to NAFCU's members for keeping the association apprised of their concerns; those concerns are reflected throughout the association's comment letter.

Coleman, who is planning to attend the June 26 listening session, also thanked members for their input in a message posted Wednesday on the NAFCU Compliance Blog.