WASHINGTON--The House and Senate are out through the new year and will return Jan. 5.
Tomorrow, comments are due to the NCUA on its proposed rulemaking to codify the elimination of reputation risk from its supervisory program, America’s Credit Unions reminded, adding it is supportive of the change and had requested the exclusion of reputational risk in a letter to Chairman Kyle Hauptman in June.
On the radar, comments will be due to the IRS regarding its transitional guidance for businesses required to report car loan interest under H.R. 1. America’s Credit Unions’ noted its compliance team has updated the H.R. 1 FAQs available for members in its Compliance Library to incorporate the new transitional guidance.