This week: NAFCU tracking RBC delay, ADA guidance

by NAFCU Newsroom

The House and Senate are back in session this week and Congress is expected to work through various appropriations bills. NAFCU will continue to track progress on two of the bills that include NAFCU-sought language related to delaying the NCUA’s risk-based capital (RBC) rule and obtaining clarity on website accessibility requirements under the Americans with Disabilities Act (ADA).

NAFCU will also monitor a House Financial Services subcommittee hearing on Wednesday on ways to improve transparency and accountability at the CFPB. NAFCU has suggested to lawmakers and CFPB leaders ways to improve the CFPB while also seeking regulatory relief for credit unions.

NCUA’s RBC Rule

In recent weeks, NAFCU efforts have led to the inclusion of language to delay the implementation of the NCUA’s RBC rule by two years in two major pieces of legislation: the House Appropriations Financial Services and General Government’s appropriations bill, and the Foreign Investment Risk Review Modernization Act of 2018 (H.R. 5841).

 

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