NCUA Refutes Claims of Negative Impact; Trades Defend Congressional RBC Letter

NCUA has come out swinging in its response to a letter sent by 75% of the members of the House of Representatives that called into questions the Agency’s proposed risk-based capital rule.  NAFCU and CUNA both encouraged the House members to take action and say that NCUA’s claim that the trades have overestimated the costs of the proposed rule is not supported by the facts. [6/2]