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President Joe Biden takes the oath of office President Joe Biden takes the oath of office, Jan. 20, 2021. (Source: Shutterstock)

Financial regulators, including the NCUA and the CFPB, have issued a final rule attempting to distinguish the difference between rules and guidance, but the future of that rule and several others remained in flux Thursday, after President Biden issued a temporary moratorium on regulations until they can be reviewed by the new administration.

The NCUA is an independent regulatory agency and is not required to comply with Executive Orders, but in the past, the agency has said it tries to follow the “spirit” of such orders.

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David Baumann


Credit Union Times

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