Federal Register - Credit Unions Proposals|commentary Texas Relevant

Regulatory Publication and Voluntary Review as Contemplated by the Economic Growth and Regulatory Paperwork Reduction Act of 1996

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Summary

The NCUA is conducting a voluntary review of its regulations; comments are requested on categories including 'Corporate Credit Unions,' 'Directors, Officers and Employees,' 'Anti-Money Laundering and Bank Secrecy Act,' 'Rules of Procedure,' and 'Safety and Soundness.'

Why It Matters for Texas Credit Unions

Applicable to all credit unions, including those in Texas.

Original Source Material

As contemplated by the Economic Growth and Regulatory Paperwork Reduction Act of 1996, the NCUA is voluntarily reviewing agency regulations to identify rules that are outdated, unnecessary, or unduly burdensome. The NCUA divided its regulations into 10 categories and is publishing several Federal Register documents at regular intervals, each requesting comment on multiple categories of regulations. This third and final document requests comment on regulations in the categories of "Corporate Credit Unions," "Directors, Officers and Employees," "Anti-Money Laundering and Bank Secrecy Act," "Rules of Procedure," and "Safety and Soundness."