The NCUA board will consider final rules on emergency mergers and agency reorganization at its Thursday meeting, the final of 2017. The meeting is scheduled to begin at 10 a.m. (ET) Dec. 14, and will be streamed live on NCUA’s website.
CUNA supported the merger proposed rule in its October comment letter.
The rule would:
The final rule on agency reorganization will transfer oversight of chartering credit unions from the Office of Consumer Financial Protection and Access to the Office of Credit Union Resources and Expansion (CURE), as part of the agency’s Examination Modernization Plan.
CURE will oversee credit union development, grants and loans, minority depository institutions, chartering and field of membership.
Additional details are available on CUNA's Removing Barriers Blog.