Board Action Bulletin
Board also Approves Amendments to Agency Regulations
A proposed rule giving well-managed federally insured credit unions with more than $250 million in assets limited authority to purchase specified derivatives to manage interest-rate risk upon agency approval.
A series of technical amendments, including the transfer of authority under the Dodd-Frank Act for rulemaking for certain consumer protection laws to the Consumer Financial Protection Bureau.
As part of its strategy for helping credit unions manage interest-rate risk, the NCUA Board proposes allowing certain well-managed credit unions with assets above $250 million, and with appropriate safeguards in place, to purchase limited amounts of simple derivatives—interest rate swaps and interest rate caps—as a hedge against that risk.
Board members approved a rule making technical amendments to several NCUA regulations as part of the agency’s three-year rolling review process.
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