MBL, FOM items part of NCUA spring rulemaking agenda
WASHINGTON (5/28/15)--Items on the National Credit Union Administration’s portion of the Unified Agenda of Regulatory and Deregulatory Actions signal potential dates for introduction and finalization of agency regulations.
The agenda, released this week, does not provide exact dates, merely a realistic timetable of when actions could be taken.
Modernization of member business lending and field-of-membership regulations to include regulatory relief provisions are included on the list. NCUA Chair Debbie Matz mentioned those two at CUNA’s Governmental Affairs Conference in March, when she called 2015 “the year of regulatory relief.”
Supplemental capital regulations are also likely to be modernized, to take into account risk-based capital context, and to modernize secondary capital regulations with respect to low-income credit unions.
Other proposed rules that are on the NCUA’s agenda include: automated valuation models, conversions and mergers, and ownership of fixed assets.
The list also contains a number of proposals currently at the final rule stage, including risk-based capital, asset securitization, safe harbor and risk-based capital, which is currently scheduled to be finalized in October of this year.
For more News Now coverage of the rulemaking agenda, see “FinCEN on BSA, DoD on MLA included in spring federal agenda” and “Mortgages, prepaid products top CFPB spring rulemaking agenda.