ALEXANDRIA, Va.–The National Credit Union Administration has published a notice updating how it will now report criminally liable offenses to the director at the Office of Management and Budget (OMB).

OMB works with the agency on the regulations it enforces.

In its review of the notice, America’s Credit Unions said it establishes a general policy outlining factors the NCUA will consider when determining whether to refer violations to the Department of Justice (DOJ) for criminal enforcement.

The trade group noted the NCUA notice follows similar policy statements from the CFPB and FDIC resulting from Executive Order 14294, “Fighting Overcriminalization in Federal Regulations.” That order directs federal agencies to develop formal processes for identifying and referring criminal regulatory offenses.