NCUA Issues List of Reg Review Candidates for 2015

ALEXANDRIA, Va. — NCUA is seeking comment on the list of regulations it will review in 2015 as part of its three-year regulatory review process.

The full list, available here, includes regulations relating to federal credit union bylaws, chartering, FOM modifications, employee benefits, loan participations, capital, voluntary and involuntary liquidations, bank conversions and mergers, and more.

A statement from NCUA said the review is part of the agency's efforts to streamline, modernize and, where appropriate, eliminate regulations.

"Since 1987, in the interest of transparency, NCUA has reviewed one-third of its regulations each year," NCUA Board Chairman Debbie Matz said in a statement. "This process is about communication and accountability. Our annual regulatory review is a critical piece of NCUA's commitment to keeping pace with changes in the credit union system. Our goal is a modern, effective regulatory framework that encourages growth, innovation and service to members without jeopardizing safety and soundness."

Comments from the public can be sent via e-mail to OGCMail@NCUA.gov with the subject line "Regulatory Review 2015" or sent via postal mail to the following address:

Regulatory Review 2015
Office of the General Counsel, NCUA
1775 Duke Street
Alexandria, VA 22314-3428

Comments must be received by Aug. 3.