NCUA Board Meeting Agenda Available; HMDA Regulatory Alert
NCUA has released the agenda for this Thursday's NCUA Board meeting. You can access it here.
Here's what they are going to cover:
- Proposed Rule - Section 701.6 of NCUA's Rules and Regulations, Operating Fee Calculation.
- Final Rule â Section 740.4 of NCUA's Rules and Regulations, Requirements for the Official Sign.
- Insurance Fund Report.
Materials for the board meeting will be available Thursday morning.
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NCUA has released Regulatory Alert 09-RA-03. The alert is designed to provide a general overview of HMDA requirements in light of the approaching HMDA filing deadline. Here's a snippet:
NCUA anticipates every credit union that is required to report 2008 HMDA data will provide a readable transmission file to the FRB by the March 2, 2009 deadline. Following March 2, the FRB will provide a list of delinquent filers to NCUA. Credit unions appearing on this list could become subject to civil money penalty assessments.