WASHINGTON—Beginning today, a number of comment deadlines will take place during February related to proposals and rulemakings of interest to credit unions, including those issued by NCUA, the Consumer Financial Protection Bureau, Federal Communications Commission and Federal Housing Finance Administration.
CUNA noted comments due in February include:
- Feb. 2: NCUA proposal on capitalization of interest, which would remove the prohibition on the capitalization of interest in connection with loan workouts and modifications. CUNA submitted its comments Jan. 26
- Feb. 10: NCUA proposal to amend the chartering and field of membership rules to modernize requirements related to service facilities for multiple common bond federal credit unions
- Feb. 16: NCUA proposal on overdraft policy, which would modify the requirement that a federal credit union’s written overdraft policy establish a time limit, not to exceed 45 calendar days, for a member to either deposit funds or obtain an approved loan from the credit union to cover each overdraft
- Feb 18: FCC proposal to implement the TRACED Act to streamline the process by which private entities may submit information to the FCC about violations of the Communications Act
- Feb. 4: CFPB advance notice of proposed rulemaking to solicit comments to assist in developing a regulation on consumer access to financial records
- Feb. 22: NCUA proposal on Bank Secrecy Act modifications that would allow NCUA to issue exemptions from the requirements of that regulation
- Feb. 28: FHFA advance notice of proposed rulemaking on potential changes to the regulation establishing housing goals for Fannie Mae and Freddie Mac