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The NCUA is asking the credit union industry and public to weigh in on whether certain agency regulations have become outdated, unnecessary or overly burdensome as part of a sweeping regulatory review.
In a notice published in the Federal Register, the NCUA Board announced the final phase of its decennial regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act, a process designed to evaluate federal financial regulations every 10 years. Although the
NCUA is not legally required to participate, the agency has chosen to voluntarily review its rules alongside other federal banking regulators.
This latest request for comment focuses on five areas of regulation: Corporate credit unions; directors, officers and employees; anti-money laundering and Bank Secrecy Act compliance; rules of procedure; and safety and soundness standards. The agency is seeking feedback on whether existing requirements in these areas impose unnecessary compliance burdens on federally insured credit unions.
The review also invited stakeholders to identify regulations that may be duplicative, outdated due to technological changes, or disproportionately burdensome for smaller institutions.
Comments on the filing are due by June 1, 2026. The NCUA said feedback from the review could inform future rulemakings aimed at simplifying regulations while maintaining safety, soundness and consumer protections for credit union members.
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