ALEXANDRIA, Va.– Comments are due today to NCUA on its voluntary regulatory review as part of the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA).
NCUA reviews one-third of its rules and regulations every three years, and this year it is seeking input on Agency Programs, Capital and Consumer Protection.
Specifically, NCUA said it wants to hear about anything in those three areas that “may impose outdated, unnecessary, or unduly burdensome regulatory requirements on federally insured credit unions.”
“The board recognizes that there are proposed rules concerning some of these categories open as of the date of this document and will solicit comment on all rules finalized by the agency before the publication of the last document in the series,” NCUA said in its notice.
In addition to comments on regulations in these categories generally, the board said it is also requesting comments on certain specific regulations issued since the last decennial review, which are also outlined in the request.
“The NCUA’s review efforts would benefit most by comments that cite specific provisions or language and provide reasons why such provisions should be changed. Suggested alternative provisions or text, where appropriate, would also be helpful,” NCUA said. “If the implementation of a comment would require modifying a statute that underlies the regulation, the comment should, if possible, identify the needed statutory change. The board will consider comments submitted anonymously.”
For more info, go here.
