Compliance Blog

Written by Steve Van Beek

A couple of items of interest for Tuesday morning.   

Richard Cordray's nomination hearing has been set for Tuesday, September 6.   

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NCUA published its agenda for its August 29 Board Meeting.  On the table are: 

1. Proposed Rule – Part 704 of NCUA’s Rules and Regulations, Corporate Credit Unions.
2. NCUA Guaranteed Notes Maintenance.
3. Temporary Corporate Credit Union Stabilization Fund Assessment.

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The Federal Communications Commission took President Obama's Executive Order regarding easing the regulatory burden seriously.  Yesterday, the FCC announced the removal of 83 outdated regulations.

A couple of weeks ago, NAFCU sent a letter to NCUA on its annual Regulatory Review process.  That letter can be found here.  I don't think NCUA will find 83 rules to remove or modify, but the letter highlights numerous opportunities to ease the regulatory burden on credit unions.