The NCUA is slated to consider and vote on a final version of new corporate credit union regulations at its April 21 meeting, according to NCUA Chairman Debbie Matz.
She stated in her column in the April edition of the agency's newsletter that agency staff members are drafting “potentially significant,'' changes to the proposal, as a result of 227 comment letters.
Among the most controversial parts of the proposal, according to the comment letters, are provisions that would encourage corporate credit unions to levy a fee to members that are not federally insured in order to pay for the rescue of the corporate credit union system, and a provision limiting credit unions to only being members of one corporate credit union.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
