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NCUA official seal NCUA official seal. (Source: NCUA)

The NCUA board on Friday approved an interim final rule designed to assist credit unions that could face enforcement of prompt corrective action regulations as a result of a huge influx of deposits of coronavirus Economic Impact Payments.

The board approved the interim final rule by notation, meaning that they did it without holding a public meeting. The rule had been listed on the board’s agenda for its April 22 meeting.

David Baumann

 

Credit Union Times

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