ALEXANDRIA, Va.—With comments on NCUA’s proposed 2021 budget due today, the agency has announced its board meeting set for next week will be a rare two-day meeting. The NCUA board had been scheduled to meet on Thursday Dec.17, but the agency said the meeting will also take place on Friday, the 18th, as well.
NCUA said it was making the move to “ensure a transparent and open discussion of several policy issues affecting federally insured credit unions. On both days the meeting will begin at 10 a.m.ET and be livestreamed on NCUA.gov.
CUToday.info had extensive coverage of the agency’s recent budget briefing here.
In addition to comments on the NCUA budget, other upcoming comment deadlines include:
- Dec. 14: CFPB proposals under consideration for a small business data collection rulemaking
- Dec. 28: NCUA’s proposal to amend the agency’s derivatives rule
- Jan. 4, 2021: Comments are due on a joint interagency proposal from federal financial regulators including NCUA and CFPB that would codify an earlier joint statement that supervisory guidance does not have the force and effect of law.
- NCUA Adds Enhancements to Fraud Hotline
Fraud Hotline Enhanced
Separately, NCUA has announced several enhancements to the Fraud Hotline, which allows the public to report insider fraud concerns associated with credit union employees, directors, or volunteers to the NCUA.
- “With these improvements, fraud tips can now be submitted electronically through the NCUA’s website,” NCUA said. “Individuals can remain anonymous or provide contact information for appropriate agency staff to discuss their fraud concerns. The new form also allows for a description of the fraud and other critical information to assist in the evaluation of the reported concerns.”
- The agency said it encourages anyone who suspects or is aware of insider fraud at a federally insured credit union to report the information as soon as possible.
“Swift reporting minimizes risks, exposures, and losses, while supporting appropriate supervisory or administrative action against those that commit fraud