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The National Credit Union Administration (NCUA) is updating its rules to increase the maximum civil monetary penalties to keep up with inflation, as required by several laws. These adjustments are made to ensure that penalties are effective and reflect current economic conditions. The adjustments will be effective immediately and apply to violations occurring from November 2, 2015, onwards. This rule change doesn't require public comment because it's mainly a technical update in line with legal requirements.

The National Credit Union Administration had planned an open meeting for 10 a.m. on April 17, 2025. However, this meeting has been cancelled. For more details, interested parties can reach out to Melane Conyers-Ausbrooks, Secretary of the Board, at 703-518-6304. This notice was documented under 90 FR 16577 with the document number 2025-06845.

The National Credit Union Administration (NCUA) is planning to submit an information collection request to the Office of Management and Budget (OMB) concerning the Truth in Lending Act (TILA), Regulation Z. This submission is part of a review in compliance with the Paperwork Reduction Act of 1995. TILA aims to facilitate informed credit decision-making and comparisons by mandating accurate disclosure of credit costs to consumers. Public comments on the proposed information collection are invited and should be submitted by March 8, 2021.

The National Credit Union Administration (NCUA) proposes changes to credit union rules to make it easier for federal credit unions to expand and serve more groups and underserved areas. They want to count shared branches, ATMs, and electronic facilities in certain networks as "service facilities," even if the credit union doesn't own them. This would help credit unions offer more services without needing to buy into a shared network. The NCUA is also considering whether online banking should count as a service facility to accommodate modern trends in financial services.

The National Credit Union Administration announced a public meeting scheduled for 10:00 a.m. on Tuesday, December 17, 2024, in Alexandria, Virginia. The meeting will cover topics such as NCUA's rules on succession planning and the budget for 2025-2026. The meeting will be open to the public, and anyone interested can contact Melane Conyers-Ausbrooks, the Secretary of the Board, for more information.

The National Credit Union Administration (NCUA) plans to submit an information collection request to the Office of Management and Budget (OMB) as part of their compliance with the Paperwork Reduction Act of 1995. This request concerns the regulation for Liquidity and Contingency Funding Plans, which is intended to ensure that federally insured credit unions manage liquidity risks effectively. The NCUA's rule, codified in 12 CFR 741.12, creates a tiered system based on asset size that requires various levels of planning and preparation among credit unions. Public comments on this submission are welcome until March 15, 2021.

The National Credit Union Administration (NCUA) is seeking to renew and update an existing information collection process as required by the Paperwork Reduction Act of 1995. This process involves collecting information from new officials or senior executive officers of troubled or newly chartered credit unions to assess their suitability for their positions. The public is invited to provide comments on the necessity, accuracy, and methods to improve and reduce the burden of this information collection by January 27, 2025. Interested individuals can submit comments via the designated website or contact Madeleine Humm for more details.

The National Credit Union Administration (NCUA) is proposing a new rule to update the overdraft policy requirements for federal credit unions. This rule aims to remove the current 45-day limit for members to resolve overdrafts and instead require that the policy sets a reasonable and universally applicable time frame. This change is intended to provide more flexibility for credit unions and their members, especially considering the impacts of COVID-19. The proposal also introduces a cross-reference to Regulation E to ensure compliance with existing federal requirements for overdraft services.

The National Credit Union Administration announced a Sunshine Act Meeting scheduled for January 14, 2021. Due to COVID-19, this meeting will be live-streamed on their website, with some parts of the meeting open to the public and others closed. Topics to be discussed in the public portion include updates on credit union regulations, inflation adjustments, and the organization's annual performance plan. The closed sections will cover supervisory and personnel actions. The meeting is documented under reference 86 FR 2002.

The National Credit Union Administration (NCUA) Board finalized a new rule allowing certain credit unions to issue subordinated debt to boost their regulatory capital. This rule primarily affects low-income designated credit unions, complex credit unions, and new credit unions. The final rule outlines several requirements such as amending the definition of "Accredited Investor," setting disclosure guidelines, and reviewing credit unions' applications to issue subordinated debt. Additionally, it includes changes aiming to safeguard both the credit unions and the National Credit Union Share Insurance Fund (NCUSIF) from increased financial risk.