NCUA, Matz To Host In-Person Open Forum Oct. 30

ALEXANDRIA, Va. — NCUA on Friday said it will host an in-person open forum for credit union stakeholders at the agency's Central Office from 10 a.m. until noon, Eastern Daylight Time, on Oct. 30.

According to the regulator, the format will be similar to the Listening Sessions NCUA Board Chairman Debbie Matz held in 2010, 2012 and 2014. The open forum will be open to any topics related to NCUA.

The most recent round of listening sessions sometimes grew combative as credit union representatives loudly demanded a second comment period for what at that time was the first iteration of NCUA's proposed risk-based capital regulation. Given the second version of the risk-based capital rule — oft referred to as RBC2 — just made its public debut this week, and there are several other regulatory issues that have been making headlines in recent weeks including NCUA's refusal to consider returning to an 18-month exam cycle, it seems likely CUs once again will have plenty to say.

"Since the beginning of my term, I have held 18 Listening Sessions and 12 Webinars where NCUA leadership heard from credit union officials, volunteers and other interested stakeholders," Matz said in a statement. "I welcome further interactive conversations on topics which could include NCUA regulations, examinations, budgets, and any other issues participants would like to raise. Previous sessions have generated ideas which led to regulatory relief for credit unions and streamlined processes throughout the agency.

"I am looking forward to another productive face-to-face meeting with credit union stakeholders," Matz added.

NCUA said it soon will be releasing details on how to register for the open forum online at no charge.