Saying that there are “are no essential board action items to publicly consider at this time,'' NCUA Chairman Debbie Matz announced Thursday that the agency is cancelling the open board meeting scheduled for next Thursday.
Matz added that the agency may cancel additional meetings this year as it seeks to “minimize the number of new regulations that are necessary.'' She added that the agency is “carefully evaluating,'' which rules need to be streamlined, eliminated or clarified in 2012.
Matz noted that the NCUA's Regulatory Modernization Initiative has made progress along these lines and the agency plans to do more.
In addition, the agency is already scheduled to review one third of its regulations this year.
She said the NCUA Board's closed meeting scheduled for next Thursday will be held. It has five supervisory items on its agenda.
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