ALEXANDRIA, Va.--NCUA said Thursday it is continuing its review of agency regulations as part of the decennial process established under the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) of 1996.
Although the agency is not statutorily required to conduct the review, the NCUA said it has chosen to participate in the process aimed at identifying outdated or unnecessary regulatory burdens.
"NCUA’s EGRPRA review will continue to inform NCUA’s Deregulation Project and future rounds of regulatory change. The agency remains committed to efficiency and reducing regulatory burden on credit unions," NCUA stated.
Under the voluntary EGRPRA review, NCUA is reviewing its regulations relating to:
- Applications and Reporting
- Powers and Activities
- Agency Programs
- Capital
- Consumer Protection
- Corporate Credit Unions
- Directors, Officers, and Employees
- Anti-Money Laundering and Bank Secrecy Act
- Rules of Procedure
- Safety and Soundness
For more information, see the Federal Register notice. The comment period will be open for 90 days.