WASHINGTON, Feb. 25 -- National Credit Union Administration has issued a proposed rule called: Purchase, Sale, and Pledge of Eligible Obligations.
The proposed rule was published in the Federal Register on Feb. 25 by Melane Conyers-Ausbrooks, Secretary of the Board.
Summary: The NCUA Board (Board) solicits public comment on a proposal to streamline its regulations governing the purchase, sale, and pledge of eligible obligations. The Board proposes to remove the prescriptive lists of items that must be addressed in the written policies adopted by a federal credit union (FCU). Although FCUs would still be required to maintain written policies, removing the mandated items will enable a more efficient and principles-based approach. The Board ...