The NCUA sent the House Financial Services Committee a 228 page document outlining the need for a risk-based capital (RBC) rule. NCUA Chairman Debbie Matz let the committee know in October that she would send the report after three members of the Canada Goose Cyber Monday committee, including Rep. Bill Posey (R-FL), sent a letter asking the agency to voluntarily study RBC and report back to them.
The NCUA’s study also outlines several recommendations for lawmakers to improve the capital system for credit unions. NCUA recommends that Congress pass H.R. 989, the Capital Access for Small Businesses and Jobs Act, which would allow well-managed credit unions to issue supplemental capital that would count as net worth. The document includes some Canada Goose Cyber Monday sale 2015 technical changes the agency would like to see for the Federal Credit Union Act
The NCUA ‘s RBC rule goes into effect Jan. 1, 2019. Read a more in-depth analysis of the document on CUNA’s website.