If you have concerns with current regulations on corporatecredit unions, chartering or fees paid by FCUs to the NCUA, speakthis year or for three years hold your piece.
|Those are among the regulations that the agency plans to examinethis year as part of its process of reviewing one third of all ofits regulations annually.
|NCUA Chairman Debbie Matz said in light of President Obama'srecent executive order, the agency is especially “seeking comments onrules that may be 'outmoded, ineffective, insufficient, or excessively burdensome.' We are committed to 'modify,streamline, expand, or repeal' rules that are not required bystatute and would not jeopardize safety and soundness.”
|The other regulations up for review include those concerning:prompt corrective action, investment and deposit activity, and FCUownership of fixed assets.
|Comments are due to the agency by Aug. 3.
|The full list of regulations is online.
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