The National Credit Union Administration has issued a Federal Register notice advancing its voluntary review of agency regulations under the Economic Growth and Regulatory Paperwork Reduction Act of 1996, aimed at identifying rules that are outdated, unnecessary, or unduly burdensome for federally insured credit unions. The notice requests public input on regulations covering agency programs, capital, and consumer protection. The review is expected to run for approximately two years and covers 10 regulatory categories, which the NCUA plans to address through four Federal Register notices. Each notice will have a 90-day comment period. A first notice published in May 2024 covered applications and reporting, and powers and activities; other categories to be reviewed include corporate credit unions, directors, officers, and employees, anti-money laundering and the Bank Secrecy Act, rules of procedure, and safety and soundness. Additional Federal Register notices are planned to seek comment on the remaining categories as the decennial review process continues.
National Credit Union Administration 2025-07-10
National Credit Union Administration opens comment on agency programs capital and consumer protection in voluntary EGRPRA rule review
The National Credit Union Administration is voluntarily reviewing its regulations under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 to identify outdated or burdensome rules for federally insured credit unions. The review covers 10 regulatory categories, with public input sought through four Federal Register notices, each with a 90-day comment period. The first notice, published in May 2024, addressed applications, reporting, and powers and activities.