The National Credit Union Administration finalized changes to 11 rules following public consultation, marking the first completed round of its Deregulation Project. The initiative reviews regulations to remove provisions considered obsolete, burdensome or duplicative, as well as guidance deemed inappropriate for inclusion in regulation. The changes cover areas including lending and eligible obligations, federal credit union organization and chartering, service to underserved areas, share insurance disclosures, service contracts and third-party servicing of indirect vehicle loans. The final rules will take effect 30 days after publication in the Federal Register.
National Credit Union Administration2026-08-05
National Credit Union Administration finalizes 11 rules in first Deregulation Project round
The National Credit Union Administration finalized changes to 11 rules in the first completed round of its Deregulation Project. The measures cover lending, chartering, insurance disclosures, service contracts and third-party loan servicing, and will take effect 30 days after publication in the Federal Register.