NCUA Board Approves 11 Final Rules For Deregulation Project
By CU Today Staff —
ALEXANDRIA, Va.--NCUA Wednesday finalized eleven rules that were proposed for changes through the Deregulation Project, the agency announced.
“With today’s announcement, we are moving forward on our commitment to removing regulations that are obsolete, burdensome, duplicative, or simply guidance that has no place in regulation” said Chairman Kyle Hauptman. “Our goal is to make it easier for credit unions to serve their members, meet compliance requirements, and stay innovative. These final rules and those that come after will give credit unions the flexibility to do just that.”
The final rules are effective 30 days from the date of publication in the Federal Register and take into consideration public comments received from each proposed rule.
Find a detailed summary for each final rule at https://ncua.gov/news/deregulation-project/.
Originally reported by CU Today.