Proposed RBC Rule: Much Ado About Nothing?

Chairman of NCUA Debbie Matz responds to Congressman Peter King's letter about NCUA’s proposed rule to modernize the agency’s risk-based capital regulation for federally insured credit unions. Ms. Matz claims that overall, the proposed rule would only apply to federally insured credit unions with assets of $50 million or more—2,200 out of about 6,600. As a result, the 4,400 federally insured credit unions below $50 million in assets—two thirds of all credit unions—are not affected by the proposed rule. [6/2]