WASHINGTON (4/4/16)--April brings with it a number of comment deadlines on regulatory issues, starting with today’s deadline to comment on the National Credit Union Administration’s (NCUA) draft 2017-2021 strategic plan.
The NCUA’s strategic plan summarizes NCUA's analysis of the internal and external environment impacting the NCUA, evaluates their programs and risks and provides goals and objectives for the next five years.
The NCUA’s three goals for 2017-21 are: ensuring a safe and sound credit union system; promoting consumer protection and financial literacy; and to cultivate an inclusive, collaborative workplace.
Also due today are comments on the revised layout of the U.S. Treasury’s Financial Crimes Enforcement Network Bank Secrecy Act Currency Transaction Report.
The Credit Union National Association submitted its letter last week, generally supporting the changes while calling on FinCEN to work with regulators to ease examination and compliance burdens on credit unions.
Other April deadlines include:
CUNA was a strong advocate in recent years for the NCUA to publish the methodologies for both the operating fee and the OTR. CUNA has expressed concerns in recent years, particularly prior to the unveiling of each year’s budget, that the OTR is at an all-time high.