, 64567-64569 [E9-28582]

Agencies

• National Credit Union Administration

[Federal Register Volume 74, Number 233 (Monday, December 7, 2009)]
[Rules and Regulations]
[Pages 64567-64569]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-28582]


[[Page 64567]]

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Part XIX





National Credit Union Administration





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Semiannual Regulatory Agenda

[[Page 64568]]



NATIONAL CREDIT UNION ADMINISTRATION (NCUA)






_______________________________________________________________________

NATIONAL CREDIT UNION ADMINISTRATION

12 CFR Ch VII

Semiannual Regulatory Agenda

AGENCY: National Credit Union Administration (NCUA).

ACTION: Semiannual regulatory agenda.

_______________________________________________________________________

SUMMARY: Pursuant to its ongoing policy of reviewing regulations, NCUA 
is publishing a list of current and projected rulemakings, reviews of 
existing regulations, and completed actions as of July 31, 2009, to be 
included in the Unified Agenda of Federal Regulatory and Deregulatory 
Actions.

DATES: This information is current as of July 31, 2009.

ADDRESSES: National Credit Union Administration, 1775 Duke Street, 
Alexandria, Virginia 22314-3428.

FOR FURTHER INFORMATION CONTACT: For each regulation listed, the 
person(s) named in the listing, at the above address, unless otherwise 
noted, or listed telephone number.

SUPPLEMENTARY INFORMATION: . The purpose of this agenda is to enable 
credit unions and the public to follow regulatory development and 
review at NCUA, and participate in that process more effectively. 
Entries for the agenda appear in one of five possible categories: 
prerule stage; proposed rule stage; final rule stage; completed/
withdrawn actions; or long-term actions.

    The agenda is published pursuant to NCUA Interpretive Ruling 
and Policy Statement Number 87-2, ``Developing and Reviewing 
Government Regulations,'' 54 FR 35231, (September 18, 1987), which 
sets out NCUA's policy and procedures for developing and reviewing 
its regulations. NCUA's policy is to ensure that regulations impose 
only the minimum required burdens on credit unions, consumers, and 
the public; are appropriate for the size of the financial 
institution it regulates; are issued only after full public 
participation; and are clear and understandable. Further, NCUA 
undertakes to review all regulations every three years to clarify 
and simplify existing regulations and eliminate redundant and 
unnecessary provisions.

Approved by the NCUA Board on September 2, 2009.

 Mary Rupp,

Secretary of the Board.

                            National Credit Union Administration--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
571         Confidentiality of Suspicious Activity Reports (Section 610 Review)...................    3133-AD61
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                             National Credit Union Administration--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
572         Privacy of Consumer Financial Information.............................................    3133-AC84
573         Unfair or Deceptive Acts or Practices; Clarifications.................................    3133-AD62
----------------------------------------------------------------------------------------------------------------

_______________________________________________________________________


National Credit Union Administration (NCUA)         Proposed Rule Stage






_______________________________________________________________________




571. CONFIDENTIALITY OF SUSPICIOUS ACTIVITY REPORTS (SECTION 610 REVIEW)

Legal Authority: 31 USC 5311 to 5330

Abstract: This rule, which corresponds to regulatory action being 
considered by some of the other Federal financial institution 
regulators, would clarify the scope of confidentiality rules governing 
the filing of suspicious activity reports.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/09

Regulatory Flexibility Analysis Required: Yes

Agency Contact: Ross P. Kendall, Trial Attorney, National Credit Union 
Administration, 1775 Duke Street, Alexandria, VA 22314
Phone: 703 518-6562
TDD Phone: 703 518-6332
Fax: 703 518-6569
Email: rkendall@ncua.gov

RIN: 3133-AD61
_______________________________________________________________________


National Credit Union Administration (NCUA)            Final Rule Stage






_______________________________________________________________________




572. PRIVACY OF CONSUMER FINANCIAL INFORMATION

Legal Authority: 15 USC 6801 et seq

Abstract: NCUA issued an interagency ANPRM and proposed rule and will 
issue a final rule on model privacy notices and ways financial 
institutions can make them clear and conspicuous.

[[Page 64569]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/30/03                    68 FR 75164
ANPRM Comment Period End        03/29/04
NPRM                            03/29/07                    72 FR 14939
Correction                      04/09/07                    72 FR 16875
NPRM Comment Period End         05/29/07
Final Action                    12/00/09
ANPRM                           07/01/09                    74 FR 31529
ANPRM Comment Period End        08/31/09

Regulatory Flexibility Analysis Required: Yes

Agency Contact: Regina M. Metz, Staff Attorney, Office of General 
Counsel, National Credit Union Administration, 1775 Duke Street, 
Alexandria, VA 22314
Phone: 703 518-6540
Fax: 703 518-6569
Email: rmetz@ncua.gov

RIN: 3133-AC84
_______________________________________________________________________




573.  UNFAIR OR DECEPTIVE ACTS OR PRACTICES; 
CLARIFICATIONS

Legal Authority: 15 USC 45; 15 USC 57a

Abstract: NCUA, the Board of Governors of the Federal Reserve System, 
and the Office of Thrift Supervision are clarifying amendments to their 
recently issued final rule prohibiting certain credit card practices as 
unfair or deceptive. See 74 FR 5498 (January 29, 2009). The 
clarifications address deferred interest programs and the effect of the 
Servicemembers' Civil Relief Act on the final rule, and add additional 
examples to the Official Staff Commentary. This proposed rule may be 
withdrawn, along with the final UDAP rule issued in January 2009, 
following the Federal Reserve's enactment of regulations under the 
Credit CARD Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/05/09                    74 FR 20804
NPRM Comment Period End         06/04/09
Final Action                    12/00/09

Regulatory Flexibility Analysis Required: Yes

Agency Contact: Moisette I. Green, Staff Attorney, Office of General 
Counsel, National Credit Union Administration, 1775 Duke Street, 
Alexandria, VA 22314-3428
Phone: 703 518-6540
Fax: 703 518-6319
Email: mgreen@ncua.gov

RIN: 3133-AD62
[FR Doc. E9-28582 Filed 12-04-09; 8:45 am]
BILLING CODE 7535-01-S