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Revised RBC Rule to Be Unveiled in January
Monday, December 1, 2014 6:10 AM

The National Credit Union Administration will in January reissue its proposed risk-based capital rule with a 90-day comment period. All three members of the NCUA Board are behind the longer time for credit unions to consider the revised proposal, including allowing credit unions to share thoughts with the agency about the revised proposal.

Credit Union National Association President Jim Nussle said the 90-day time frame is consistent with their thoughts on how the process should proceed. Credit unions will need the time, especially given the amount of structural changes that have been mentioned by NCUA, Nussle said in his weekly email update, The Nussle Report, including a longer implementation period and revised risk weights for mortgages, investments, member business loans, credit union service organizations, and corporate credit unions.

More than 2,000 comments were received from credit unions, members of Congress and other stakeholders during the proposal's original comment period.