Credit Unions Push for Less Red Tape Themselves
Published Date: 7/10/2025
Proposed Rule
Summary
The NCUA is voluntarily reviewing its rules to find and fix any that are old, unnecessary, or too hard for credit unions to follow. This review affects federally insured credit unions and will happen over about two years, with public comments invited along the way. The current focus is on rules about agency programs, capital, and consumer protection, aiming to make things simpler and better without extra costs.
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
NCUA begins voluntary rule review
The NCUA Board is voluntarily reviewing its regulations to find rules that are outdated, unnecessary, or too hard for federally insured credit unions to follow. The review is done under the Economic Growth and Regulatory Paperwork Reduction Act process and is meant to identify rules to "find and fix."
Two-year review with four notices
The NCUA will run the review over approximately 2 years and publish four Federal Register documents asking for public comment on grouped regulation categories. This Federal Register document is the second of the four.
Comments sought on three rule categories
This second notice requests public comment specifically on regulations in the categories "Agency Programs," "Capital," and "Consumer Protection." The NCUA states the focus is to make these rules simpler and better without adding extra costs.
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Key Dates
Department and Agencies
Related Federal Register Documents
2026-11559, Preemption-Federal Credit Union Non-Interest Charges and Fees
Starting June 30, 2026, federal credit unions can charge fees like interchange fees on credit and debit cards, even if set with help from others. This rule clears up what fees they’re allowed to collect, making it easier for credit unions to manage their costs. If you have thoughts, you can share them by July 9, 2026!
2026-19275, Renewal of Agency Information Collection of a Previously Approved Collection; Request for Comments
The National Credit Union Administration (NCUA) is renewing and updating two important info collections that affect credit unions. More credit unions now offer extra insurance, so the paperwork burden has grown. They want your comments by October 21, 2026, to keep things clear and fair without costing extra time or money.
2026-18859, Proposed Third-Party Risk Management Guidance
Big banks and credit unions, listen up! The government agencies want to update the rules on how you manage risks from outside companies you work with. This new guidance helps you focus on the riskiest partners, tailor your approach based on your size and complexity, and use resources smarter—all aiming to keep your money safe and sound. Get your comments in by November 16, 2026, or miss out on shaping the future!
2026-17307, Interagency Rescission of the Interagency Statement on Special Purpose Credit Programs Under the Equal Credit Opportunity Act and Regulation B
FDIC, NCUA, OCC, CFPB, HUD, DOJ, and FHFA (collectively, the agencies) are issuing this notice to inform the public of the rescission of the "Interagency Statement on Special Purpose Credit Programs Under the Equal Credit Opportunity Act and Regulation B" (Interagency Statement), dated February 22, 2022. The agencies are rescinding the Interagency Statement to make clear that (1) creditors may not discriminate against borrowers based on prohibited characteristics and (2) creditors should not rely upon the Interagency Statement or other related issuances going forward.
2026-16030, Purchase, Sale, and Pledge Of Eligible Obligations
The National Credit Union Administration is making it easier for federal credit unions to handle buying, selling, and pledging loans by cutting out strict rules on what their policies must include. This change lets credit unions be more flexible and efficient while still following important conflict-of-interest rules already in place. The new rule kicks in on September 8, 2026, helping credit unions save time without changing how they protect members' money.
2026-16029, Third-Party Servicing of Indirect Vehicle Loans
The NCUA Board (Board) is issuing a final rule removing NCUA's unnecessarily prescriptive regulation regarding third-party servicing of indirect vehicle loans. This action will reduce regulatory burden and provide federally insured credit unions (FICUs) with greater operational flexibility, consistent with a principles-based supervisory approach. The intent is to reduce administrative costs and compliance complexity, enabling credit unions to serve their members more efficiently.
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