ALEXANDRIA, Va. — NCUA has announced its 2007 Regulatory Review List of rules it will review for possible additional flexibility or being obsolete.
"NCUA reviews a third of our existing regulations every year so that each NCUA regulation receives a review at least once every three years," NCUA Chairman JoAnn Johnson said. "A regular review process is imperative to determine if regulations are duplicative, burdensome, in need of change or elimination."
NCUA will review the following regulations in 2007:
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o711 Management Official Interlocks
o712 Credit Union Service Organizations (CUSOs)
o713 Fidelity Bond and Insurance Coverage for Federal Credit Unions
o714 Leasing
o715 Supervisory Committee Audits and Verifications
o716 Privacy of Consumer Financial Information
o717 Fair Credit Reporting
o721 Incidental Powers
o722 Appraisals
o723 Member Business Loans
o724 Trustees and Custodians of Pension Plans
o725 Central Liquidity Facility
o740 Advertising
o741 Requirements for Insurance
o742 Regulatory Flexibility Program
o745 Share Insurance
o747 Administrative Actions, Adjudicative Hearings, Rules of Practice and Procedure, and Investigations
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