Federal Register - Credit Unions Proposals|commentary

Regulatory Publication and Voluntary Review as Contemplated by the Economic Growth and Regulatory Paperwork Reduction Act of 1996

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AI Summary

The NCUA is conducting a voluntary review of its regulations and seeking public comments on specific categories including 'Corporate Credit Unions,' 'Directors, Officers and Employees,' 'Anti-Money Laundering and Bank Secrecy Act,' 'Rules of Procedure,' and 'Safety and Soundness.'

Texas Relevance

The article does not mention Texas, TCUD, or any Texas-specific entities. It is a general NCUA action applicable to all credit unions.

Original Content

As contemplated by the Economic Growth and Regulatory Paperwork Reduction Act of 1996, the NCUA is voluntarily reviewing agency regulations to identify rules that are outdated, unnecessary, or unduly burdensome. The NCUA divided its regulations into 10 categories and is publishing several Federal Register documents at regular intervals, each requesting comment on multiple categories of regulations. This third and final document requests comment on regulations in the categories of "Corporate Credit Unions," "Directors, Officers and Employees," "Anti-Money Laundering and Bank Secrecy Act," "Rules of Procedure," and "Safety and Soundness."