, 21955-21957 [2010-8979]
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[Federal Register Volume 75, Number 79 (Monday, April 26, 2010)] [Unknown Section] [Pages 21955-21957] From the Federal Register Online via the Government Printing Office [www.gpo.gov] [FR Doc No: 2010-8979] [[Page 21955]] ----------------------------------------------------------------------- Part XXI National Credit Union Administration ----------------------------------------------------------------------- ###Semiannual Regulatory Agenda### [[Page 21956]] 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 February 24, 2010, to be included in the Unified Agenda of Federal Regulatory and Deregulatory Actions. DATES: This information is current as of February 24, 2010. ADDRESSES: National Credit Union Administration, 1775 Duke Street, Alexandria, VA 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the agenda appear in one of five possible categories: prerule stage; proposed rule stage; final rule stage; completed/ withdrawn actions; or long-term actions.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), as amended by IRPS 03-2, 68 FR 31949 (May 29, 2003), 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 they regulate; 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 February 24, 2010. Mary Rupp, Secretary of the Board. National Credit Union Administration--Completed Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 412 Privacy of Consumer Financial Information............................................. 3133-AC84 413 Confidentiality of Suspicious Activity Reports........................................ 3133-AD61 414 Unfair or Deceptive Acts or Practices; Clarifications................................. 3133-AD62 ---------------------------------------------------------------------------------------------------------------- _______________________________________________________________________ National Credit Union Administration (NCUA) Completed Actions _______________________________________________________________________ 412. PRIVACY OF CONSUMER FINANCIAL INFORMATION Legal Authority: 15 USC 6801 et seq Abstract: NCUA issued an interagency rule on model privacy notices and ways financial institutions can make them clear and conspicuous. 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 ANPRM 07/01/09 74 FR 31529 ANPRM Comment Period End 08/31/09 Final Action 12/01/09 74 FR 62890 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: 703 518-6561 Fax: 703 518-6569 Email: rmetz@ncua.gov RIN: 3133-AC84 _______________________________________________________________________ 413. CONFIDENTIALITY OF SUSPICIOUS ACTIVITY REPORTS Legal Authority: 31 USC 5311 to 5330 Abstract: The agency has determined that it is unlikely to take further regulatory action concerning the scope of confidentiality applicable to filed Suspicious Activity Reports in the next year and is, therefore, removing this rule from the Regulatory Agenda. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Withdrawn 02/24/10 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 _______________________________________________________________________ 414. UNFAIR OR DECEPTIVE ACTS OR PRACTICES; CLARIFICATIONS Legal Authority: 15 USC 45; 15 USC 57a Abstract: NCUA is withdrawing the substantive requirements of the UDAP Rule as unnecessary due to the [[Page 21957]] enactment of the Credit Card Accountability, Responsibility, and Disclosure Act of 2009 (Credit CARD Act) on May 22, 2009, and amendments to Regulation Z implementing the Credit CARD Act that will become effective on February 22, 2010. For procedural reasons, the substantive requirements of the UDAP Rule will be withdrawn effective July 1, 2010, but it is NCUA's intent that only the technical clarifications to part 706 become effective and that the substantive requirements will not take effect. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/05/09 74 FR 20804 NPRM Comment Period End 06/04/09 Final Action 02/10/10 75 FR 6558 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. 2010-8979 Filed 04-23-10; 8:45 am] BILLING CODE 7535-01-S
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