The US National Credit Union Administration (NCUA) has finalized four rules under its Deregulation Project, including removal of the official NCUA advertising statement requirement. Federally insured credit unions remain subject to official sign requirements and must ensure advertisements are accurate and not misleading. The package also deletes outdated nondiscrimination, privacy and mortgage originator registration provisions without changing the underlying federal obligations.
Policy & regulationRules & requirementsConsumer and investor protectionCompliance
The US National Credit Union Administration (NCUA) has announced four final rules under its Deregulation Project, removing an advertising requirement and deleting outdated provisions on nondiscrimination, consumer privacy and mortgage originator registration. Federally insured credit unions no longer face a requirement to include the official NCUA advertising statement in advertisements. Requirements concerning the official NCUA sign and accurate, nonmisleading advertising remain unchanged. The package continues the agency’s regulatory review, which previously produced changes giving credit unions greater flexibility over vital records preservation.
The repeal of the agency’s nondiscrimination regulation removes an outdated summary of Fair Housing Act requirements without changing federal credit unions’ obligations under that act, the Equal Credit Opportunity Act or their implementing regulations. The other repeals remove transitional provisions retained after the Dodd-Frank Act transferred consumer privacy and mortgage originator registration rulemaking authority to the Consumer Financial Protection Bureau. Credit unions’ privacy obligations remain governed by the bureau’s Regulation P, while residential mortgage loan originator registration requirements remain governed by the SAFE Act and Regulation G.
The US National Credit Union Administration said its board was briefed on phase one and upcoming phase two of its deregulation project, along with recent rules on board member reimbursement, records preservation, federal credit union fees and reputation risk. The agency also reported that the Share Insurance Fund had USD 24.5 billion in assets in…
2026-06-15 National Credit Union Administration United States
The National Credit Union Administration finalized changes to its catastrophic act record preservation rule for federally insured credit unions. The rule clarifies the framework, removes appendices, updates definitions and gives credit unions more flexibility over the vital records preservation log. It becomes effective 30 days after publication…
2026-03-10 National Credit Union Administration United States
The National Credit Union Administration has launched the seventh round of proposals under its Deregulation Project, seeking feedback on amendments to 12 CFR 749. The changes aim to clarify guidance and eliminate burdensome requirements in credit unions' records preservation programs, including redefining "vital member services" and "vital…