The National Credit Union Administration Board Proposes Regulatory Relief to Small Entities
On February 19, 2015, the National Credit Union Administration Board (NCUA) approved a proposed rule and policy statement to update the definition of a small entity to include federally insured credit unions with assets up to $100 million. This would result in reduced regulatory compliance for many credit unions, with the intention to assist them in focusing resources more on serving their members. NCUA is currently accepting comments on the proposed rule. To read more, click the link below.