July 22, 2021

Today: NCUA Board expected to issue proposed rule on CCULR

NCUAThe NCUA Board meets today and is set to issue a proposed rule on the complex credit union leverage ratio (CCULR), a topic members of NAFCU's advocacy team has previously discussed with the NCUA.

NAFCU supports amendments to the risk based capital (RBC) rule and has asked the agency to adopt an off-ramp from the RBC rule, similar to the CCULR included in the agency's advanced notice of proposed rulemaking related to simplification of RBC requirements

In addition to the proposed rule, the board is expected to issue a request for comment and information on digital assets and related technologies. NAFCU has met with Vice Chairman Kyle Hauptman and Board Member Rodney Hood separately to discuss allowing credit unions the flexibility to partner with fintech companies, while also balancing the potential risks associated with them.

Of note, the board yesterday removed a review of its 2022-2026 strategic plan from the meeting's agenda.

View the full agenda. NAFCU will monitor the meeting, scheduled for 10 a.m. Eastern and available via livestream, and provide credit unions with key updates afterward.