Federal regulators—including the NCUA, CFPB, and Financial Crimes Enforcement Network (FinCEN)—released their Fall 2024 Unified Agenda of Regulatory and Deregulatory Actions, highlighting potential timelines for upcoming agency actions (but not a definitive schedule with specific timelines). 

The NCUA’s agenda includes one new item –a proposed rule that would allow federal credit unions to reimburse volunteer board members for dependent care costs they incur while attending official board meetings. The proposed rule is titled “Board Compensation and Department Care Reimbursement.”

The CFPB agenda includes a proposed rule on Regulation AA which would make it unlawful for banks to include or enforce certain provisions in consumer credit contracts. Although the rule was scheduled for release in December, its timeline, given the impending change in administration, is uncertain.

The FinCEN agenda has a proposal to make revisions on customer due diligence. While statutorily required to take effect in January, the “Revisions to customer due diligence requirements for financial institutions” proposal is now slated for April. 

As the rulemaking agendas are crafted by agency leadership, most of whom will be replaced in less than a month, this schedule can be viewed as even more uncertain than other agendas.