National Credit Union Administration June 2008 – Federal Register Recent Federal Regulation Documents

Member Business Loans
Document Number: E8-14294
Type: Proposed Rule
Date: 2008-06-25
Agency: National Credit Union Administration, Agencies and Commissions
NCUA is considering amending its member business loans (MBL) rule to clarify or revise current provisions including those related to: loan-to-value (LTV) ratio requirements; collateral and security requirements; credit union service organization (CUSO) involvement in the MBL process; MBL loan participation; and waivers. NCUA seeks comment on these issues and any others commenters think NCUA should consider.
Sunshine Act; Notice of Agency Meeting
Document Number: E8-13646
Type: Notice
Date: 2008-06-19
Agency: National Credit Union Administration, Agencies and Commissions
Organization and Operations of Federal Credit Unions
Document Number: E8-12946
Type: Proposed Rule
Date: 2008-06-17
Agency: National Credit Union Administration, Agencies and Commissions
NCUA seeks public comment on four proposals to modify its Chartering and Field of Membership Manual to update and clarify the process of approving credit union service to ``underserved areas.'' The first proposal clarifies the procedure for establishing that an ``underserved area'' qualifies as a local community. The second addresses the application of the economic distress criteria that determine whether an area combining multiple geographic units is sufficiently ``distressed'' to qualify as ``underserved.'' The third would update the documentation and clarify the scope requirements for demonstrating that a proposed area has ``significant unmet needs'' for loans and applicable financial services. The final proposal recognizes that meaningful data from NCUA and the federal banking agencies will be available to assess whether an area is ``underserved by other depository institutions.''
Unfair or Deceptive Acts or Practices; Correction
Document Number: E8-12359
Type: Proposed Rule
Date: 2008-06-03
Agency: Department of the Treasury, Office of Thrift Supervision, National Credit Union Administration, Agencies and Commissions
This document corrects the preamble to a proposed rule published in the Federal Register on May 19, 2008, regarding Unfair or Deceptive Acts or Practices. This correction revises cross-references in OTS's and the NCUA's Paperwork Reduction Act (PRA) analysis.
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