Agenda for NCUA's September Board Meeting; Mortgage Servicing Proposals in Federal Register
Written by Steve Van Beek
The agenda for NCUA's September 20th Board meeting is now available. Â The agenda includes:
Proposed Rule Ã¢ÂÂ Part 703 of NCUAÃ¢ÂÂs Rules and Regulations, Permissible Investments Ã¢ÂÂ Treasury Inflation Protected Securities.
Proposed Rule Ã¢ÂÂ Parts 702 and 741 of NCUAÃ¢ÂÂs Rules and Regulations and Interpretive Ruling and Policy Statement 12-2, Regulatory Relief for Small Credit Unions.
Proposed Rule Ã¢ÂÂ Section 701.1 of NCUAÃ¢ÂÂs Rules and Regulations, Expanded Definition of Ã¢ÂÂRural DistrictÃ¢ÂÂ for Field of Membership.
Advanced Notice of Proposed Rulemaking Ã¢ÂÂ Section 701.21 of NCUAÃ¢ÂÂs Rules and Regulations, Payday-Alternative Loans.
NCUA will also be meeting in closed session for a few additional agenda items. Â
Mortgage Servicing. Â Back in our September 7th blog post, we linked to the CFPB's mortgage proposals as they were published in the Federal Register. Â At that time, the Reg Z and Reg X mortgage servicing proposals had not yet been published.
Today, those mortgage servicing proposals have been published in the Federal Register. Â The links are below.
Note: Â Even though the proposals were published in today's Federal RegisterÂ (September 17th), the CFPB is sticking with their October 9th deadline for comments. Â
Remember, the CFPB is required by Dodd-Frank to finalize the mortgage servicing rules by January 21, 2013. Â In order to meet that deadline, the CFPB is providing very limited timeframes for comments - especially on a proposal that would require 20 new notices. Â