WASHINGTON—Several organizations will be backing an effort during CUNA’s Governmental Affairs Conference next week seeking to generate more comment on NCUA’s revised risk-based capital proposal, which is currently out for comment.
To create more feedback, the organizations, which are calling the effort “Credit Union Voices,” are sponsoring a booth inside the GAC exhibit hall at which attendees will be able to send a comment letter. The booth location is #162.
Among those backing the initiative are Callahan & Associates and CU*Answers. The CEOs of both organizations, Chip Filson and Randy Karnes, respectively, have been speaking out in strong terms opposing the risk-based capital proposal and the need for it whether revised or not. While thousands of comment letters were filed in response to the initial risk-based capital proposal, a much smaller number have been filed to date in response to the revised plan by NCUA.
CU*Answers has been particularly outspoken in working to raise awareness of the revised proposal and the need for comment.
The goal of the effort in Washington, the company said, is to “raise awareness of the fact that cooperatives can and do have a voice in the manner in which we are regulated and we must comment on the RBC2 proposal with a strong statement that this does not fit the principals which we were founded upon.”
CU*Answers reported that to date it has generated more than 240 comments at the site http://auditlink.cuanswers.com/