The credit union industry has another vehicle to achieve its long-sought delay of the National Credit Union Administration’s rule on risk-based capital. Sen. Mike Rounds (R-S.D.) has introduced a bill – S. 3750 – which would push back the rule’s implementation date from Jan. 1, 2020, to Jan. 1, 2021.
Credit union trade advocates have pushed for delays to the rule’s implementation to afford their member entities additional time to ensure proper compliance.
Find out more details about the rule and the industry’s stance.