NAFCU witness to testify on RBC concerns before House panel

NAFCU witness Brian Ducharme, president and CEO of MIT Federal Credit Union (Cambridge, Mass.), will detail credit unions’ concerns about the NCUA’s risk-based capital rule (RBC) and comment on other legislation consequential to credit unions during a House Financial Services subcommittee hearing Thursday. His testimony marks the ninth time a NAFCU witness will deliver testimony before Congress this year.

During the hearing, Ducharme will provide members of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit with his and NAFCU’s assessment of five bills that aim to provide regulatory relief to credit unions and other financial institutions. The hearing begins at 2 p.m. Eastern Thursday.

One bill being considered, which was recently introduced by Rep. Bill Posey, R-Fla., would repeal the NCUA’s RBC rule, which is set to go into effect Jan. 1, 2019.


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