The National Credit Union Administration (NCUA) is reviewing its regulations under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 as part of its Deregulation Project. This review covers applications, reporting, consumer protection, and anti-money laundering, aiming to tailor requirements to credit union size and risk while ensuring safety and soundness. A 90-day comment period has been set, after which the review will inform regulatory changes.
The National Credit Union Administration (NCUA) announced it is continuing a review of its regulations under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA) decennial process, which it is participating in on a voluntary basis. The review is intended to inform the agency’s Deregulation Project and future rounds of regulatory changes.
Under the EGRPRA review, NCUA is assessing rules covering applications and reporting, powers and activities, agency programs, capital, consumer protection, corporate credit unions, directors officers and employees, anti-money laundering and the Bank Secrecy Act, rules of procedure, and safety and soundness.
A Federal Register notice sets a 90-day comment period, after which the agency expects the review to continue feeding into its deregulation work and broader efforts to tailor requirements to the size and risks of credit unions while maintaining safety and soundness.
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…
2026-02-24 National Credit Union Administration United States
The National Credit Union Administration has proposed a sixth round of regulatory changes under its Deregulation Project, seeking comments on six proposals to clarify guidance and remove burdensome or duplicative requirements. Key changes include eliminating the finance expertise requirement for credit union directors, clarifying loan…
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…