Regulatory Roundup: Open For Comment

CREDIT UNIONS: Proposal by the National Credit Union Administration to set parameters on community-based credit unions, define who in a family is eligible for credit union membership, and implement other provisions of the new credit union law. To be published in the Federal Register. Comments due 60 days after publication.

OTS FEES: Proposal by the Office of Thrift Supervision to reduce fees for healthy, traditional thrifts. Fees for some small thrifts, however, would increase because the agency would impose a base fee of $1,250 for all institutions. The plan would force thrifts with large trust or other complex activities to pay more. Published Aug. 14. Comments due Oct. 13.

INTERNET BANKING: Proposal by the OTS to require thrifts to notify federal regulators before offering Internet banking services. The requirement would be added to a proposal letting federal thrifts conduct any activity electronically that they conduct via paper. Published Aug. 13. Comments due Sept. 14.

PERSONNEL SHARING: Proposal by bank and thrift regulators to broaden exemptions to a federal law that prohibits banking institutions from sharing top personnel. Published Aug. 11. Comments due Oct. 13.

DEPOSIT INSURANCE: Proposal by the Federal Deposit Insurance Corp. to expand and simplify deposit insurance coverage of joint accounts and payable-on-death accounts. Published July 17. Comments due Oct. 15.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER