Regulatory Roundup: Open for Comment

REPORTING REQUIREMENTS: Proposal by the National Credit Union Administration to subject some credit unions with risky portfolios to new reporting requirements. Published Nov. 29. Comment period extended to Sept. 30.

RECORD KEEPING: Proposal by the Federal Reserve Board to raise the amount it pays banks for photocopies of a customer's records under the Right to Financial Privacy Act. Expected to be published shortly. Comments due 60 days later.

CURRENCY REPORTS: Interim rule by the Treasury Department to eliminate currency transaction reports for publicly traded businesses and for companies filing consolidated tax forms. Published April 24. Effective May 1. Comments due Aug. 1 on a final rule.

COLLATERALIZED LOANS: Proposal by the banking and thrift agencies to adopt a single method for calculating risk-based capital for collateralized loans. New method would eliminate capital requirements for fully collateralized portions of loans. Expected to be published soon. Comments due 30 days later.

CHECK CLEARING: Proposal by the Fed to eliminate inconsistent, outdated, and duplicative rules governing check clearing. Published May 21. Comments due July 19.

TRUTH-IN-LENDING: Proposal by the Fed to exempt debt cancellation fees from Truth-in-Lending disclosures and to create a safe harbor for minor errors in the disclosures. Published May 21. Comments due June 21.

STORED-VALUE CARDS: Proposal by the Federal Reserve Board to exempt many types of stored-value cards from the consumer protections included in Regulation E. Published May 2. Comment deadline extended to Aug. 1.

BROKER-DEALER RULES: Proposal by the Fed to reduce record-keeping and accounting burdens on bank broker-dealers. Expected to be published shortly. Comments due 60 days later.

DIRECTOR COMPENSATION: Proposal by the Federal Housing Finance Board to allow the 12 Home Loan banks to devise their own compensation structure for directors. Published April 22. Comments due June 21.

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