National Credit Union Administration July 2007 – Federal Register Recent Federal Regulation Documents

Sunshine Act; Notice of Meeting
Document Number: 07-3613
Type: Notice
Date: 2007-07-23
Agency: National Credit Union Administration, Agencies and Commissions
Statement on Subprime Mortgage Lending
Document Number: 07-3316
Type: Notice
Date: 2007-07-10
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, National Credit Union Administration, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury, Office of Thrift Supervision, Comptroller of the Currency
The Agencies are issuing a final interagency Statement on Subprime Mortgage Lending. This guidance has been developed to clarify how institutions can offer certain adjustable rate mortgage (ARM) products in a safe and sound manner, and in a way that clearly discloses the risks that borrowers may assume.
Federal Credit Union Bylaws
Document Number: E7-13273
Type: Proposed Rule
Date: 2007-07-09
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board recently issued a proposed rule to reincorporate the Federal Credit Union (FCU) Bylaws into NCUA regulations that provided a 60-day comment period. 72 FR 30984 (June 5, 2007). NCUA received a request to extend the comment period and the NCUA Board has decided to extend the comment period for an additional two weeks.