CORPORATE CREDIT UNIONS: Proposal to tighten corporate credit union investment guidelines and capital requirements. Published by the National Credit Union Administration on April 26. Comment deadline extended 60 days to Aug. 25. RETIREMENT CD: Proposal to eliminate the tax-deferred status of the so- called retirement CD, a bank-issued, government-insured annuity product. Published by the Internal Revenue Service on April 6. Comments due July 18. The agency plans to hold a hearing on this proposal Aug. 8. HMDA UPDATE: Proposal providing advice on complying with Regulation C, the rules implementing the Home Mortgage Disclosure Act. Issues covered include treatment of prequalifications, participations, refinancings, home equity lines, mergers, and loan applications received through a broker. Published as a staff commentary by the Federal Reserve Board on June 7. Comments due Aug. 7. MUTUAL FUNDS: Proposal to improve the description of risk mutual fund and investment companies provide to customers. Published by the Securities and Exchange Commission on April 4. Comments due July 7. DATA REPORTING: Proposal to allow banks to voluntarily collect race and sex data on small-business and consumer borrowers. Published by the Fed on April 26. Comments due June 27. INCENTIVE PAY: Proposal to let federal credit unions offer performance- related compensation to their employees. Published by the NCUA on April 20. Comments due June 19.
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