RBC focus of NAFCU’s 9th congressional testimony

Delivering NAFCU’s ninth congressional testimony of the year, Brian Ducharme, president and CEO of MIT Federal Credit Union (Cambridge, Mass.), today will detail credit unions’ concerns about the NCUA’s risk-based capital rule (RBC) and the rule’s impact on his institution during a House Financial Services subcommittee hearing.

The hearing, “Legislative Proposals for a More Efficient Federal Financial Regulatory Regime: Part II,” held by the Subcommittee on Financial Institutions and Consumer Credit, begins at 2 p.m. Eastern.

In his prepared testimony, Ducharme will share with subcommittee members NAFCU’s five tenets for a healthy and appropriate regulatory environment for credit unions and the ways in which many of the legislative proposals under review today fall in line with the association’s priorities.


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