NCUA Boardroom. (Photo: NCUA) NCUA Boardroom. Credit/NCUA

The NCUA Board members unanimously approved two proposed rules during their meeting Thursday. One proposed rule would incorporate its Second Chace Interpretive Ruling and Policy Statement and the Fair Hiring and Banking act into the agency’s regulations. The other proposed rule aims to simplify the share insurance regulations by creating a “trust accounts” category.

Also thrown into the mix during Thursday’s meeting was a cybersecurity update on the agency’s relatively new Cyber Incident Reporting Rule that went into effect Sept. 1. And NCUA cybersecurity officials provided an update of what the data has revealed in the first 30 days.


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Michael Ogden

Editor-in-Chief for CU Times. To connect, email at [email protected].

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