Federal Register - Credit Unions Guidance

Guidelines for Safeguarding Member Information

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AI Summary

- The NCUA Board proposes removing Appendix A from the CFR and publishing it as a Letter to Credit Unions. - This change aims to clarify that Appendix A is guidance, not a regulation.

Texas Relevance

The article does not explicitly mention Texas or any Texas-specific entities. The changes apply nationwide and are not specific to Texas credit unions.

Original Content

The NCUA Board (Board) is proposing to remove Appendix A to part 748, guidelines for safeguarding member information, from the Code of Federal Regulations (CFR). Appendix A was issued to satisfy the NCUA's statutory obligation to establish appropriate standards for federally insured credit unions (FICUs) to protect the security and confidentiality of customer records and information and to protect against unauthorized access to or use of such records. The Board now believes that the placement of Appendix A in the CFR may be confusing because Appendix A is not a regulation but rather a set of guidelines intended to assist FICUs with their statutory compliance obligations. The Board will remove Appendix A from the CFR and publish its contents as a Letter to Credit Unions, which enables more efficient revisions, and streamlines the NCUA's regulations.