In response to a Trump Administration request for agencies to simplify their rules, the NCUA on Wednesday announced a comprehensive review of its regulations in an effort to provide regulatory relief to credit unions.
In announcing the review and issuing its plans for public comment, the agency made it clear that as an independent agency, the NCUA is not subject to the executive orders issued by the administration.
Instead, following policy that already has been announced by the agency, the NCUA is attempting to follow the "spirit" of executive orders directing agencies to simplify their regulations, the agency said.
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