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.
Consumer Financial Protection Bureau Director Richard Cordray will step down from the agency by the end of the month after serving since 2013. CUNA President/CEO Jim Nussle said CUNA looks forward to a new era at the bureau, one that takes credit unions’ structure and purpose into account during rulemakings.