Sept. 17, 2012 – NCUA’s board is poised to issue a series of proposals Thursday that would permit investments in Treasury Inflated Protection Securities, address regulatory issues for small credit unions, expand the definition of “rural district” and seek input on payday-alternative loans.
NCUA Chairman Debbie Matz announced the agency’s intention to address these regulatory “modernization” measures during NAFCU’s Annual Conference in July. The four proposals are the only items listed on the board’s open meeting agenda. This is how they are presented on that agenda:
- Proposed Rule – Part 703 of NCUA’s Rules and Regulations, Permissible Investments – Treasury Inflation Protected Securities;
- Proposed Rule – Parts 702 and 741 of NCUA’s Rules and Regulations and Interpretive Ruling and Policy Statement 12-2, Regulatory Relief for Small Credit Unions;
- Proposed Rule – Section 701.1 of NCUA’s Rules and Regulations, Expanded Definition of “Rural District” for Field of Membership;
- Advanced Notice of Proposed Rulemaking – Section 701.21 of NCUA’s Rules and Regulations, Payday-Alternative Loans.
The open meeting is set for 10 a.m. Eastern. A closed meeting will be held in advance, at 8:30 a.m.