The LSCU Advocacy Team continues to follow the developments with Rep. Bill Posey’s (R-FL) NCUA Risk Based Capital delay language. On Tuesday, the language was added to a defense bill that has been moving through the process and passed the House Financial Services Committee unanimously. In an effort to ensure that this language continues to move through the process, it has now also been added to an Appropriations bill that will be marked up in today’s House Appropriations Committee meeting.

This is another excellent sign that Congressional leadership is committed to helping credit unions achieve regulatory relief. The LSCU will continue to keep you informed as this language moves through the process.