ALEXANDRIA, Va.-NCUA has published its semi-annual regulatory agenda in the Federal Register. The agenda was approved by the board September 18 and contains some information that should be updated.
NCUA listed one Advanced Notice of Proposed Rulemaking (ANPR) on the agenda regarding investment and deposit activities. The intent is to clarify and update these rules with a comment period ending January 24, 2002.
NCUA also has proposed rules out on corporate credit unions, insurance requirements, credit practices, eligible obligations, and consumer protections for federally-insured credit unions sale of nondeposit investments.
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Final rules include Office of Management and Budget control numbers, Truth in Savings regulations, and nondiscrimination in federally assisted programs.
Following the September approval of the agenda, NCUA also approved final rules regarding federal credit unions official definition of compensation, Reg-Flex, and several definitions and technical amendments. Other accomplishments for NCUA this year include the passage of an expanded incidental powers rule allowing compensation beyond cost and the CUSO rule.
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