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The National Credit Union Administration (NCUA) published its list of regulations that it will review in 2007 for possible updates or amendments. Below are the sections being reviewed with relevance to state-chartered, federally insured credit unions.
NCUA will review the following regulations in 2007:
711 Management Official Interlocks
712 Credit Union Service Organizations (CUSOs)
713 Fidelity Bond and Insurance Coverage for Federal Credit Unions
715 Supervisory Committee Audits and Verifications
716 Privacy of Consumer Financial Information
717 Fair Credit Reporting **
722 Appraisals
723 Member Business Loans
725 Central Liquidity Facility **
740 Advertising
741 Requirements for Insurance
742 Regulatory Flexibility Program
745 Share Insurance
747 Administrative Actions, Adjudicative Hearings, Rules of Practice
and Procedure, and Investigations
NASCUS will be filing comments on updates and amendments. If you have comments you would like NASCUS to consider, please contact the NASCUS Regulatory Affairs Department at brian@nascus.org. The comment period closes on August 1, 2007.
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