The NCUA will be taking public comment through Aug. 5 on the next third of its regulations, as to the substance and clarity of each one. The agency submits one-third of its regulations for such comment annually, completing a full review every three years.
Regulations under review in 2013 include those governing member business loans, fair credit reporting, privacy of consumer financial information, appraisals and share insurance. The complete list is available online, and can be found by clicking here.
NCUA has also indicated that it will continue its expanded review of federal credit union bylaws.
“This year, MCUL staff and several committees will be examining these regulations, and the Federal Credit Union Act itself, to identify areas where our governing laws for federal credit unions would benefit from modernization and new ideas.” MCUL & Affiliates CEO David Adams said. “It is our goal to make thoughtful, quality recommendations that will help advance the federal charter and better enable federal credit unions to compete in the modern market.”