X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DES MOINES, Iowa-NCUA Vice Chair JoAnn Johnson returned to her home state of Iowa last week to address the Iowa Credit Union League’s Legislative Forum where she revealed which regulations NCUA would be reviewing this year. Every year NCUA reviews one-third of its regulations to see if updates are necessary. In all, 16 regulations will come under the microscope of NCUA’s Office of General Counsel, Johnson said, including management interlocks, credit union service organizations, leasing, privacy, incidental powers, member business loans, RegFlex, and several others. Johnson told forum attendees, “it is valuable for NCUA to receive comment from credit unions impacted by the regulations we are reviewing this year.The more input we gather from those in the credit union community, the more effective our evaluation will be of the regulatory impact on credit unions.” She emphasized that these rules are only under review and changes may not necessarily be made. In addition, Johnson added, the list is not exclusive. Comments on the regulations up for review, which are listed on NCUA’s Web site (http://www.ncua.gov/ref/rules_and_regs/rules_and_regs.html), are due by Aug. 1. On Feb. 4, she was scheduled to participate in a member business lending panel discussion at the league’s forum. Johnson planned to share opportunities for member business lending and review the updates to NCUA’s rule.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.