NCUA to hold emergency meeting on proposed interagency rule
The NCUA Board is set to hold a special meeting this Wednesday to consider a proposed interagency rule on the role of supervisory guidance. During its October meeting, the board voted to remove a request for information on the agency's supervisory guidance and communication improvements from the agenda.
According to news reports, the meeting is being held for the NCUA to discuss and approve a proposed rule – informally issued last week by the federal financial regulators – clarifying that agency guidance "does not have the force of law."
The meeting, set to begin at 2 p.m. Eastern, will be livestreamed via the agency's website. The board will also hold a closed meeting to consider two personnel matters.
Additionally, the board announced that its Dec. 10 open and closed meetings have been rescheduled to Dec. 17.
NAFCU will monitor Wednesday's meeting and update credit unions. Stay tuned to NAFCU Today for the latest information.
Add to Calendar 2020-12-01 09:00:00 2020-12-01 09:00:00 Beyond the Pandemic Risk Series [Part 1]: Pandemic-Related Lending Portfolio Risks Listen On: Key Takeaways: [08:05] The most critical data that you can get your hands on would be any data that would provide you early indicators that there is going to be a delinquency issue. [10:35] One non-negotiable is that credit unions have a monitoring program that allows them to understand your risk exposure at any point in time. [13:57] Right now we can’t under-score social media; because we all interact virtually, there is a lot of good analytic and trending data that can be provided via social media. As long as you are doing that in a compliant and appropriate manner. Web NAFCU firstname.lastname@example.org America/New_York public
Get daily updates.
Subscribe to NAFCU today.