Comments are due in the coming weeks on multiple regulatory proposals that will affect credit unions, including proposals from NCUA, the Consumer Financial Protection Bureau (CFPB), Federal Housing Finance Agency (FHFA), Federal Communications Commission (FCC) and others.

Comments are due Aug. 31 on NCUA’s Request for Information on strategies for future examination and supervision utilizing digital technology. NCUA is conducting a comprehensive study of alternative procedures to modernize the agency's examination program, and the request was issued at the June board meeting.

According to the agency, the objective of modernizing is to improve efficiency and effectiveness in achieving the NCUA's mandates under the Federal Credit Union Act. It seeks to support a predominately offsite examination and supervision model by taking advantage of new and emerging approaches and techniques to utilizing data and technology.

Other comments due at the end of August or in September include:

• Aug. 31: FCC proposed revisions to its rules to implement the Telephone Consumer Protection Act and the TRACED Act. These involve certain requirements for voice service providers;
• Aug. 31: FHFA is seeking comments on a new regulatory capital framework for Fannie Mae and Freddie Mac, consisting of risk-based capital and leverage ratio requirements;
• Sept. 4: Federal financial regulator proposed guidance on interagency questions and answers regarding flood insurance;
• Sept. 8: CFPB proposed amendments to the general Qualified Mortgage definition; and
• Sept. 21: CFPB proposal to exempt certain insured depository institutions and insured credit unions from the Regulation Z requirement to establish escrow accounts for certain higher-priced mortgage loans.