NCUA’s regulatory reform agenda appeared in the Federal Register Tuesday, and comments are due Nov. 20. A number of CUNA regulatory relief suggestions are present in the package of proposals, which were announced earlier this month.
NCUA Wednesday released a package of possible regulatory reforms and urged credit union stakeholders to read and comment. According to the agency, the reforms were recommended by an internal NCUA task force.
CUNA generally supports NCUA’s proposed changes to appeals and Supervisory Review Committee procedures, as it would provide more uniform board appeals procedures across NCUA regulations allowing for informal appeals to the board.
An amended merger rule should not increase the burden for the merging or acquiring credit unions, CUNA told NCUA Monday in response to the agency’s proposed rule to alter federal credit union merger procedures.
NCUA’s plan to close the Temporary Corporate Credit Union Stabilization Fund and setting the share insurance fund’s operating level was published in the Federal Register Thursday. Comments on the proposal are due by Sept. 5.
The NCUA announced consolidation of regional offices and reorganization of staff Friday as part of Chairman J. Mark McWatters’ reevaluation of agency operations, including consolidation of the 5 regional offices into 3.
For credit unions, the Electronic Signatures in Global and National Commerce Act of 2000 means information required to be made available can be delivered electronically, as long as the credit union complies with its requirements.
The 2017-2018 CUNA Staff Salary Report has been released. Uniquely comprehensive, the benchmarking tool contains salary data from credit unions nationwide for more than 90 full-time positions and 10 part-time positions.