The effectiveness of rules ranging from debt collection to compliance with the Bank Secrecy Act and the Freedom of Information Act will be part of the NCUA's annual review of one third of its regulations.
The agency announced that it will be accepting written comments through Aug. 5 on topics such as reporting suspicious activities, making loans to areas at risk of flooding, the procedures for requesting information from the agency, rules on preserving records, debt collection practices and post-employment restrictions for certain NCUA examiners.
"NCUA's goal is that all regulations are clearly articulated and easily understood and comments are welcome on that aspect as well as substantive suggestions for regulatory changes,'' the agency said in announcing the reviews.
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.
