ARLINGTON, Va.—The opportunity to consolidate all NCUA rules applicable to federally insured, state-chartered credit unions under one section within the agency’s list of regulations should be seized as part of a regulatory reform agenda, asserts NASCUS is its comment to the agency.
Responding to the agency's request for comment on a report from the NCUA's Regulatory Task Force that detailed the agency's priorities and timeframe for long-term regulatory relief, NASCUS also asked that the agency commence rulemaking for alternative capital next year, rather than two to three years from now, as contemplated in the NCUA’s reform plan.
The letter, signed by Brian Knight, NASCUS executive vice president and general counsel, covers 11 pages and also addresses improvements to corporate credit union rules, clarification of supervisory committee and audit requirements, equitable NCUSIF dividend distributions and more.
For the complete letter, visit CUToday.info’s The Gov.