National Credit Union Administration 2011 – Federal Register Recent Federal Regulation Documents

Agency Information Collection Activities: Submission to OMB for Review; Comment Request
Document Number: 2011-9552
Type: Notice
Date: 2011-04-20
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA intends to submit the following information collection to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (Public Law 104-13, 44 U.S.C. Chapter 35). This information collection is published to obtain comments from the public.
Agency Information Collection Activities: Submission to OMB for a New Collection; Comment Request
Document Number: 2011-9544
Type: Notice
Date: 2011-04-20
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA is submitting the following information collection to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35). This information collection is published to obtain comments from the public.
Sunshine Act; Notice of Agency Meeting
Document Number: 2011-9483
Type: Notice
Date: 2011-04-18
Agency: National Credit Union Administration, Agencies and Commissions
Sunshine Act; Notice of Agency Meeting
Document Number: 2011-9481
Type: Notice
Date: 2011-04-18
Agency: National Credit Union Administration, Agencies and Commissions
Incentive-Based Compensation Arrangements
Document Number: 2011-7937
Type: Proposed Rule
Date: 2011-04-14
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, National Credit Union Administration, Securities and Exchange Commission, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury, Office of Thrift Supervision, Federal Housing Finance Agency
The OCC, Board, FDIC, OTS, NCUA, SEC, and FHFA (the Agencies) are proposing rules to implement section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The proposed rule would require the reporting of incentive-based compensation arrangements by a covered financial institution and prohibit incentive-based compensation arrangements at a covered financial institution that provide excessive compensation or that could expose the institution to inappropriate risks that could lead to material financial loss.
Fair Credit Reporting Act and Bank Secrecy Act Compliance
Document Number: 2011-7911
Type: Rule
Date: 2011-04-04
Agency: National Credit Union Administration, Agencies and Commissions
NCUA is amending its Bank Secrecy Act (BSA) Compliance and Fair Credit Reporting Act (FCRA) regulations involving the Fair and Accurate Credit Transactions Act of 2003 (FACTA) to make minor, non- substantive technical amendments. These technical amendments update citations in these NCUA regulations to conform to the reorganization of the Financial Crimes Enforcement Network, Department of Treasury (FinCEN) BSA regulations.
Sunshine Act; Notice Of Agency Meeting
Document Number: 2011-7608
Type: Notice
Date: 2011-03-30
Agency: National Credit Union Administration, Agencies and Commissions
Interest Rate Risk
Document Number: 2011-6752
Type: Proposed Rule
Date: 2011-03-24
Agency: National Credit Union Administration, Agencies and Commissions
NCUA proposes to amend its regulations to require Federally insured credit unions to have a written policy addressing interest rate risk (IRR) management and an effective IRR program as part of their asset liability management. NCUA also is proposing draft guidance in the form of an appendix to its regulations to assist credit unions in meeting the proposed regulatory requirement. NCUA believes a written IRR policy and an effective IRR program is key to maintaining safe and sound operations. NCUA believes credit unions will find the guidance helpful in addressing this important area of their operations.
Net Worth and Equity Ratio
Document Number: 2011-6757
Type: Proposed Rule
Date: 2011-03-23
Agency: National Credit Union Administration, Agencies and Commissions
On January 4, 2011, President Obama signed Senate Bill 4036 into law, which, among other things, amends the statutory definitions of ``net worth'' and ``equity ratio'' in the Federal Credit Union Act. NCUA proposes to make conforming amendments to the definition of ``net worth'' as it appears in NCUA's Prompt Corrective Action regulation and the definition of ``equity ratio'' as it appears in NCUA's Requirements for Insurance regulation. NCUA also proposes to make technical changes in other regulations to ensure clarity and consistency in the use of the term ``net worth,'' as it is applied to federally-insured credit unions.
Corporate Credit Unions, Technical Corrections
Document Number: 2011-6755
Type: Rule
Date: 2011-03-23
Agency: National Credit Union Administration, Agencies and Commissions
In 2010, NCUA issued technical corrections to its corporate credit union rule, published in the Federal Register of October 20, 2010. NCUA is issuing this final rule adopting the technical corrections without alteration.
Prompt Corrective Action; Amended Definition of Low-Risk Assets
Document Number: 2011-6754
Type: Rule
Date: 2011-03-23
Agency: National Credit Union Administration, Agencies and Commissions
In 2010, NCUA issued an Interim Final Rule expanding the definition of ``low-risk assets'' to include debt instruments on which the payment of principal and interest is unconditionally guaranteed by NCUA. Assets in this category receive a risk-weighting of zero for regulatory capital purposes to reflect the absence of credit risk. Having considered the public comments addressing the Interim Final Rule, NCUA is issuing this Final Rule permanently adopting the expanded definition of ``low risk assets'' without alteration.
Sunshine Act Meeting
Document Number: 2011-5984
Type: Notice
Date: 2011-03-14
Agency: National Credit Union Administration, Agencies and Commissions
Conversions of Insured Credit Unions
Document Number: 2011-5675
Type: Rule
Date: 2011-03-14
Agency: National Credit Union Administration, Agencies and Commissions
NCUA is confirming as final a December 23, 2010, interim final rule on the definition of the phrase ``Regional Director'' in NCUA's rule on credit union to mutual savings bank conversions. For clarification purposes, this rule modifies the aforementioned definition.
Removing References to Credit Ratings in Regulations; Proposing Alternatives to the Use of Credit Ratings
Document Number: 2011-4070
Type: Proposed Rule
Date: 2011-03-01
Agency: National Credit Union Administration, Agencies and Commissions
NCUA is proposing rules to implement certain statutory provisions in Title IX of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act). The proposed rules replace or remove references to credit ratings in NCUA regulations.
Corporate Credit Unions
Document Number: 2011-4071
Type: Rule
Date: 2011-02-24
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board is issuing a final Interpretive Ruling and Policy Statement (IRPS) setting forth the requirements and process for chartering corporate Federal credit unions.
Agency Information Collection Activities: Submission to OMB for Review; Comment Request
Document Number: 2011-3792
Type: Notice
Date: 2011-02-22
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA intends to submit the following information collection to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35). This information collection is published to obtain comments from the public.
Sunshine Act Meeting
Document Number: 2011-3381
Type: Notice
Date: 2011-02-14
Agency: National Credit Union Administration, Agencies and Commissions
Sunshine Act Notice; Cancellation of Meeting
Document Number: 2011-2697
Type: Notice
Date: 2011-02-07
Agency: National Credit Union Administration, Agencies and Commissions
Sunshine Act; Notice of Agency Meeting
Document Number: 2011-2583
Type: Notice
Date: 2011-02-04
Agency: National Credit Union Administration, Agencies and Commissions
Registration of Mortgage Loan Originators
Document Number: 2011-2378
Type: Notice
Date: 2011-02-03
Agency: Farm Credit Administration, Agencies and Commissions, Federal Deposit Insurance Corporation, 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
The OCC, Board, FDIC, OTS, FCA, and NCUA (collectively, the Agencies) are issuing a notice announcing that the initial registration period for Federal registrations required by the Secure and Fair Enforcement for Mortgage Licensing Act (the S.A.F.E. Act) and the Agencies' implementing rules issued July 28, 2010, will run from January 31, 2011, through July 29, 2011. The S.A.F.E. Act and the Agencies' final rules require employees of banks, savings associations, credit unions, or Farm Credit System (FCS) institutions as well as certain of their subsidiaries that are regulated by a Federal banking agency or the FCA (collectively, Agency-regulated institutions) who act as a residential mortgage loan originator to register with the Nationwide Mortgage Licensing System and Registry (Registry), obtain a unique identifier from the Registry, and maintain this registration.
Sunshine Act; Notice of Agency Meeting
Document Number: 2011-2167
Type: Notice
Date: 2011-01-31
Agency: National Credit Union Administration, Agencies and Commissions
Truth in Savings
Document Number: 2011-1091
Type: Rule
Date: 2011-01-20
Agency: National Credit Union Administration, Agencies and Commissions
On July 22, 2009, NCUA published a final rule amending NCUA's Truth in Savings regulation and the accompanying official staff interpretations. The final rule addressed credit unions' disclosure practices related to overdraft services, including balances disclosed to members through automated systems. This final rule amends NCUA's Truth in Savings rule and official staff interpretations to address the application of the July 2009 final rule to retail sweep programs and the terminology for overdraft fee disclosures and to make amendments that conform to the Federal Reserve Board's (Federal Reserve) final Regulation E amendments addressing overdraft services, adopted in November 2009. This rule also makes final the minor technical corrections to sample form B-12 that were part of the interim final rule.
Guidelines for the Supervisory Review Committee
Document Number: 2011-1090
Type: Notice
Date: 2011-01-20
Agency: National Credit Union Administration, Agencies and Commissions
This policy statement combines two Interpretative Ruling and Policy Statements (IRPSs) and adds denials of technical assistance grant (TAG) reimbursements to the types of determinations that credit unions may appeal to NCUA's Supervisory Review Committee. This new IRPS will replace the earlier IRPSs addressing the Supervisory Review Committee.
Sunshine Act; Meeting Notice; Matter To Be Deleted From the Agenda of a Previously Announced Agency Meeting
Document Number: 2011-596
Type: Notice
Date: 2011-01-12
Agency: National Credit Union Administration, Agencies and Commissions
Sunshine Act Meeting Notice
Document Number: 2011-357
Type: Notice
Date: 2011-01-10
Agency: National Credit Union Administration, Agencies and Commissions