Rep. Posey introduces bill to delay implementation of NCUA Risk Based Capital Rule

Last night, Congressman Bill Posey (R-FL-8) introduced H.R. 5288. If passed, this would delay implementation of the NCUA Risk Based Capital Rule until Jan. 1, 2021. Earlier this Congress, Posey introduced legislation to repeal the rule. This is seen as a compromise that may make it easier to see something pass and head to the […]

Last night, Congressman Bill Posey (R-FL-8) introduced H.R. 5288. If passed, this would delay implementation of the NCUA Risk Based Capital Rule until Jan. 1, 2021.

Earlier this Congress, Posey introduced legislation to repeal the rule. This is seen as a compromise that may make it easier to see something pass and head to the President’s desk. The League is thankful for Congressman Posey’s continued support of credit unions and looks forward to working with him on this legislation.

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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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