The National Credit Union Administration finalized changes to 11 rules in the first completed round of its Deregulation Project. The measures cover lending, chartering, insurance disclosures, service contracts and third-party loan servicing, and will take effect 30 days after publication in the Federal Register.
The National Credit Union Administration finalized changes to 11 rules following public consultation, marking the first completed round of its Deregulation Project. The initiative reviews regulations to remove provisions considered obsolete, burdensome or duplicative, as well as guidance deemed inappropriate for inclusion in regulation.
The changes cover areas including lending and eligible obligations, federal credit union organization and chartering, service to underserved areas, share insurance disclosures, service contracts and third-party servicing of indirect vehicle loans. The final rules will take effect 30 days after publication in the Federal Register.
The National Credit Union Administration has opened the 12th round of its Deregulation Project with three proposals covering fidelity bonds, incidental powers and the Central Liquidity Facility. The changes would simplify bond requirements, clarify direct applications for new incidental powers, and modernize liquidity facility membership…
2026-06-24 National Credit Union Administration United States
The US National Credit Union Administration said its board was briefed on phase one and upcoming phase two of its deregulation project, along with recent rules on board member reimbursement, records preservation, federal credit union fees and reputation risk. The agency also reported that the Share Insurance Fund had USD 24.5 billion in assets in…
2026-06-15 National Credit Union Administration United States
The National Credit Union Administration finalized changes to its catastrophic act record preservation rule for federally insured credit unions. The rule clarifies the framework, removes appendices, updates definitions and gives credit unions more flexibility over the vital records preservation log. It becomes effective 30 days after publication…