The National Credit Union Administration (NCUA) has announced a request for public comments on an information collection related to credit union capital planning and stress testing, as governed by the Paperwork Reduction Act of 1995. The collection aims to gather data from large federally insured credit unions to ensure they have adequate capital resources. Comments can be submitted until June 23, 2025, addressing aspects like the necessity, accuracy, quality, and burden of the collection. The process will include public input, and all comments will be documented openly.
Simple Explanation
The National Credit Union Administration wants to know what people think about the money plans of big credit unions; they are asking for ideas to make sure the plans are good and not too hard to make. You can tell them what you think until June 23, 2025, but they didn't say exactly how they counted the time or money needed or how we should send the ideas.