ALEXANDRIA, Va.–The NCUA board hasunanimously approved by notation vote a request for information seeking comments and information on the agency’s the communication methods. Separately, NCUA also announced prohibition orders against two people.
“This request for information seeks public input on how the agency can streamline and improve its communications with our stakeholders,” said NCUA Chairman Rodney Hood in a statement. “Outdated or duplicative regulatory and supervisory information adds to the overall regulatory burden of credit unions as they must devote time and resources to sorting through this information. We recognize that the amount of information the NCUA provides to credit unions can create challenges and may impose unintended burdens. This request for information addresses this concern and continues my mission to ensure NCUA’s regulation of credit unions is effective, not excessive.”
Specific Request
NCUA said is it is specifically seeking public input on how it can maximize efficiency and minimize burdens associated with obtaining information on federal laws, regulations, policies, guidance, and other materials relevant to federally insured credit unions. The Request for Information contains questions about the effectiveness of press releases, social media content, and the timing and frequency of agency communications.
There are also questions related to improving the agency’s websites, online data resources, and the delivery and format of supervisory guidance.
Comments on the request for information will be accepted for 60 days after publication in the Federal Register.
2 People Are Banned
In addition, NCUA issued two prohibition orders in December, which prohibit both from participating in the affairs of any federally insured financial institution.
Issued the prohibition orders were:
- Vanessa Anderson-Hollins, a former employee of Port of Houston Warehouse Federal Credit Union, Houston, who agreed and consented to the issuance of a prohibition order and agreed to comply with all of its terms to settle and resolve the NCUA board’s claims against her.
- Janine Wilson, a former employee of Preferred Credit Union in Grand Rapids, Mich., who agreed and consented to the issuance of a prohibition order and agreed to comply with all of its terms to settle and resolve the NCUA board’s claims against her.
Prohibition and administrative orders are searchable by name, institution, city, state, and year at the NCUA’s Administrative Orders webpage.