Comment deadlines approaching for NCUA deregulatory proposals
With NCUA’s Deregulation Project underway, there is a month remaining in the comment period for the first set of proposals. America’s Credit Unions issued a Regulatory Comment on three proposals this week, encouraging credit unions to submit comments to the NCUA.
Comments due Feb. 9: Guidelines for safeguarding member information
- Remove Appendix A to part 748. The agency intends to replace it with guidance.
- Feedback can be sent to America’s Credit Unions by Jan. 30.
Comments due Feb. 9: Guidance on response programs for unauthorized access to member information and member notice
- Remove Appendix B to Part 748 and replace it with guidance.
- Comments can be sent to America’s Credit Unions by Jan. 30.
Comments due Feb. 27: Catastrophic act reporting
- Simplify, streamline, and extend the catastrophic act reporting process, including extending the reporting deadline, amending who to report to, and remove the prescriptive list of items that a credit union should include in its internal record.
- Comments can be sent to America’s Credit Unions by Feb. 16.
NCUA has thus far issued two separate sets of four proposals each as part of the Deregulation Project. Agency staff indicated to America’s Credit Unions members during a webinar that future proposals would also likely be issued in groups of four; Regulatory
Comment alerts will be sent as the proposals are issued.