Public Comments on Annual Assessment of One-Third of Agency Rules Due by Aug. 3
ALEXANDRIA, Va. (Feb. 9, 2015) – The National Credit Union Administration is now accepting public comments on the list of regulations the agency will review in 2015.
The agency’s rolling review is part of its overall effort to streamline, modernize or, where appropriate, eliminate regulations.
“Since 1987, in the interest of transparency, NCUA has reviewed one-third of its regulations each year,” NCUA Board Chairman Debbie Matz said. “This process is about communication and accountability. Our annual regulatory review is a critical piece of NCUA’s commitment to keeping pace with changes in the credit union system. Our goal is a modern, effective regulatory framework that encourages growth, innovation and service to members without jeopardizing safety and soundness.
“Public comments help guide us as we plan future regulatory updates,” Matz said. “I encourage all interested parties to participate in this process.”
Comments may be filed by email or standard mail and must be received by Aug. 3. Commenters using email should send to OGCMail@NCUA.gov with the subject line “Regulatory Review 2015.” The address for mailing comments is Regulatory Review 2015, Office of General Counsel, NCUA, 1775 Duke Street, Alexandria, VA 22314-3428.
NCUA publishes a regulatory agenda in the Federal Register each spring and fall in voluntary compliance with Executive Order 12866.
NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, NCUA operates and manages the National Credit Union Share
Insurance Fund, insuring the deposits of account holders in all federal credit unions and the overwhelming majority of
state-chartered credit unions. At MyCreditUnion.gov, NCUA also educates the public on consumer protection and financial literacy issues.