America’s Credit Unions Urges Feedback On IRS, NCUA Proposals
By CU Today Staff —
WASHINGTON--Recent America's Credit Unions Regulatory Commentalerts encourage credit unions to submit feedback on several active regulatory proposals, the trade group reminded.
America’s Credit Unions added that it is also accepting comments on the proposals.
The organization said it will use that feedback in its own comment letters filed with the agencies.
IRS excise tax on remittance transfersImplements the H.R. 1 excise tax on remittance transfer providers and provides rules and definitions on certain remittance transfers that occur after Dec. 31, 2025, to which the 1% excise tax applies.
NCUA bank conversions and mergers proposalThe proposal would make it simpler for credit unions to merge into banks by removing overly prescriptive formatting requirements, simplifying the process of notifying members, and eliminating duplicative guidance.
NCUA streamlining data collection request for informationNCUA is soliciting feedback on the key challenges faced by federally insured credit unions and any suggestions to enhance the data collection process and potentially reduce burden.
See all Regulatory Comment alerts.
Originally reported by CU Today.