← Independent regulator rules (SEC/Fed/FDIC/SBA/FTC/NCUA/CPSC/FHFA/EEOC/NLRB)

Alternatives to the Use of Credit Ratings

NCUA · final-rule · Published 2012-12-13 · Effective 2013-06-11 · 77 FR 74103

Document

Document number
2012-30076
Federal Register citation
77 FR 74103
CFR reference
12 CFR 703
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US National Credit Union Administration
Publication date
2012-12-13
Effective date
2013-06-11

Abstract

NCUA is issuing a final rule to implement certain statutory requirements in Title IX of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act) pertaining to the use of credit ratings to assess creditworthiness. The final rule removes references to credit ratings in NCUA regulations or replaces them with other appropriate standards of creditworthiness as required by the Dodd-Frank Act.

Source

Authoritative
Federal Register document
Machine
JSON-LD · Markdown