Proposed Regulation

NAFCU Regulatory Alerts are member-only resources containing important highlights and summaries for proposed rulemakings that affect credit unions. 

Subscribe to Regulatory Alert Emails

Not finding what you're looking for?
Search for Proposed Regulations in our Compliance Library
View Final Regulations

Filter Proposed Regulation Filter Close



19-EA-25: NCUA - Notice of Proposed Rulemaking, Chartering and Field of Membership

OOn November 7, 2019, the National Credit Union Administration (NCUA) published a proposed rule, with a 30-day comment period, to amend its Chartering and Field of Membership (FOM) Manual (Chartering Manual) to provide community credit unions with greater flexibility to include certain geographic areas in their FOMs. The proposal makes and clarifies changes consistent with the August 2019 opinion from the D.C. Circuit Court in the bankers’ lawsuit against the 2016 FOM final rule.

19-EA-24 Interagency Accounting Statement

On October 10, 2019, the Consumer Financial Protection Bureau (CFPB or Bureau) issued a final rule to adjust the threshold for reporting data about open-end lines of credit under the Home Mortgage Disclosure Act (HMDA).

19-EA-23: CFPB - Tech Sprints

On September 18, 2019, the Consumer Financial Protection Bureau (CFPB or Bureau) issued a request for information (RFI) to solicit comment on the potential use of tech sprints to encourage innovation and address regulatory compliance challenges. Tech sprints will involve small teams of regulators, technologists, financial institutions, and subject matter experts working together for several days to develop solutions to clearly identified problems in a collaborative environment.

19-EA-22: HUD - Disparate Impact

On August 19, 2019, the Department of Housing and Urban Development (HUD) issued a proposed rule to amend its interpretation of the Fair Housing Act's disparate impact standard to better reflect the Supreme Court's 2015 ruling in Texas Department of Housing and Community Affairs v. Inclusive Communities Project, Inc. In this regard, the new rule adopts more comprehensive pleading requirements.

19-EA-21: Financial Accounting Standards Board - Proposed Accounting Standards Update – Effective Dates

On August 15, 2019, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) to extend the effective dates for major standards not yet in effect. For the current expected credit losses (CECL) standard, credit unions would comply beginning in January 2023.

19-EA-20: Federal Reserve - Interbank Settlement of Faster Payments

On August 9, 2019, the Board of Governors of the Federal Reserve System (Board) published a notice and request for comment on a new, faster payments settlement service called FedNow. FedNow will be a 24x7x365 real-time gross settlement (RTGS) service with integrated clearing functionality designed to process individual payments within seconds.

19-EA-19: CFPB - Qualified Mortgage Definition Under the Truth in Lending Act (Regulation Z)

On July 31, 2019, the Bureau of Consumer Financial Protection (Bureau or CFPB) published an advance notice of proposed rulemaking (ANPR) regarding potential revisions to the definition of a qualified mortgage (QM) under the Truth in Lending Act (TILA).

19-EA-18: NCUA - Exceptions to Employment Restrictions Under Section 205(d) of the Federal Credit Union Act (“Second Chance IRPS”)

On July 29, 2019, the National Credit Union Administration (NCUA) published a proposed Interpretive Ruling and Policy Statement (IRPS) regarding statutory prohibitions imposed by Section 205(d) of the Federal Credit Union Act (FCU Act) (“Second Chance IRPS”). Section 205(d) prohibits, except with the prior written consent of the Board, any person who has been convicted of any criminal offense involving dishonesty or breach of trust, or who has entered into a pretrial diversion or similar program in connection with a prosecution for such offense, from participating in the affairs of an insured credit union.

19-EA-17: NCUA - Delay of Effective Date of the Risk-Based Capital Rules

On June 26, 2019, the National Credit Union Administration (NCUA) published a proposal to delay the effective date of the NCUA's October 2015 final rule regarding risk-based capital (2015 Final Rule), along with its November 2018 supplemental final rule regarding risk-based capital (2018 Supplemental Rule), by two years until January 1, 2022.

19-EA-16: NCUA - Public Unit and Nonmember Shares

On May 30, 2019, the National Credit Union Administration (NCUA) published a proposal to amend its public unit and nonmember share rule to allow federal credit unions (FCUs) to receive public unit (e.g., the U.S. government, states, and political subdivisions therein) and nonmember shares up to 50 percent of the credit union's paid-in and unimpaired capital and surplus less any public unit and nonmember shares.

19-EA-15: CFPB - Debt Collection Practices

On May 21, 2019, the Bureau of Consumer Financial Protection (Bureau or CFPB) published a notice of proposed rulemaking (NPRM) to amend Regulation F, which implements the Fair Debt Collection Practices Act (FDCPA).

19-EA-14: CFPB - Regulatory Flexibility Act Plan for Review

On May 15, 2019, the Consumer Financial Protection Bureau (Bureau or CFPB) published a request for comments in connection with the Bureau’s plan for required review of its rules under section 610 of the Regulatory Flexibility Act (RFA). The RFA requires the Bureau to periodically consider whether a significant rule should be continued without change, amended, or rescinded to minimize any significant economic impact on a substantial number of small entities.

19-EA-13: Federal Reserve - National Settlement Service and Fedwire Enhancements

On May 16, 2019, the Board of Governors of the Federal Reserve System (Board) published a notice and request for comments regarding proposed modifications to the Federal Reserve Banks' (Reserve Banks) payment services to facilitate adoption of a later same-day automated clearinghouse (ACH) processing and settlement window.

19-EA-12: CFPB - Home Mortgage Disclosure (Regulation C)

On May 13, 2019, the Bureau of Consumer Financial Protection (Bureau or CFPB) published a notice of proposed rulemaking (NPRM) to solicit comments on whether to make changes to the Home Mortgage Disclosure Act (HMDA) transactional and institutional thresholds that exempt smaller lenders from data reporting requirements under Regulation C.

19-EA-11: CFPB - Home Mortgage Disclosure Data Points and Coverage

On May 8, 2019, the Bureau of Consumer Financial Protection (Bureau or CFPB) published an advance notice of proposed rulemaking (ANPR) to solicit comments on whether to make changes to the Home Mortgage Disclosure Act (HMDA) data points that credit unions are required to report.

19-EA-10: CFPB - Regulatory Flexibility Act Review of 2009 Overdraft Rule

On May 15, 2019, the Bureau of Consumer Financial Protection (Bureau or CFPB) published a request for comments in connection with its required review of the 2009 Overdraft Rule under the Regulatory Flexibility Act (RFA). The RFA requires the Bureau to consider whether a significant rule should be continued without change, amended, or rescinded to minimize any significant economic impact on a substantial number of small entities. Accordingly, the Bureau seeks comment not only on burdens to credit unions but also consumer benefits associated with the rule.

19-EA-09: CFPB - Request for Information Regarding Potential Regulatory Changes to the Remittance Rule

On April 29, 2019, the Bureau of Consumer Financial Protection (Bureau or CFPB) published a request for information (RFI) regarding three principle issues related to the remittance transfer rule: (1) how the Bureau can mitigate the expiration of a useful statutory exception for providing estimates in prepayment disclosures, (2) whether to change the safe harbor threshold in the rule that determines whether a credit union makes remittance transfers in the normal course of business, and (3) whether an exception for small financial institutions may be appropriate.

19-EA-08: NCUA - Compensation in Connection with Loans to Members and Lines of Credit to Members

On April 23, 2019, the National Credit Union Administration (NCUA) published an advance notice of proposed rulemaking (ANPR) to solicit comments on ways to improve the NCUA’s regulations limiting a credit union official’s and employee’s compensation in connection with loans to members and lines of credit to members.

19-EA-07: DOL - Overtime Rule

On March 22, 2019, the Department of Labor (DOL) published a proposed rule that amends overtime rules under the Fair Labor Standards Act (FLSA) by increasing the minimum salary level for the “white collar” overtime exemption. The practical effect of this change would be that workers making under $35,308 annually—and not otherwise exempt from the overtime rules—would be eligible for overtime pay.

19-EA-06: CFPB - Residential Property Assessed Clean Energy Financing

On March 8, 2019, the Bureau of Consumer Financial Protection (Bureau or CFPB) issued an advance notice of proposed rulemaking (ANPR) to gather feedback on how it should apply new underwriting requirements—consistent with the Truth in Lending Act (TILA)—to residential property assessed clean energy (PACE) financing.

19-EA-05: NCUA - Supervisory Committee Audits and Verifications

The NCUA published a notice of proposed rulemaking to amend the agency’s regulations governing supervisory committee audits and verifications. The proposed rule amends the alternative options for complying with the annual audit requirement if a federally-insured credit union (FICU) has elected not to voluntarily obtain a financial statement audit.