ALEXANDRIA, Va. (2/10/15)--Public comments are now being accepted by the National Credit Union Administration on the agency's list of regulations it will review in 2015.
Since 1987, the NCUA has conducted a rolling review on a regular basis, covering one-third of its regulations each year in an attempt to streamline, modernize or eliminate regulations where appropriate.
NCUA Chair Debbie Matz called the process a "critical piece of NCUA's commitment to keeping pace with changes in the credit union system" and encouraged credit unions and all other interested parties to submit feedback on this year's list.
Most notable among the more than 30 regulations the agency will review this year are:
Several items on the list were addressed in the past year by the NCUA. There is currently a fixed assets proposed rule awaiting finalization, and Matz recently formed a working group to look at field of membership issues.
Comments are due to the NCUA by Aug. 3.