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Prompt Corrective Action, Requirements for Insurance, and Promulgation of NCUA Rules and Regulations

NCUA · final-rule · Published 2013-01-18 · Effective 2013-02-19 · 78 FR 4032

Document

Document number
2013-00864
Federal Register citation
78 FR 4032
CFR reference
12 CFR 702
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US National Credit Union Administration
Publication date
2013-01-18
Effective date
2013-02-19

Abstract

The NCUA Board (Board) is issuing a final rule to amend Interpretive Ruling and Policy Statement (IRPS) 87-2, as amended by IRPS 03-2, and two NCUA regulations that apply asset thresholds to grant relief from risk-based net worth and interest rate risk requirements. The amended IRPS increases the asset threshold that identifies credit unions to which NCUA will give more robust consideration of regulatory relief in future rulemakings. The amended regulations similarly include increased asset thresholds, granting immediate and prospective relief from existing regulatory burden to a larger group of small credit unions.

Source

Authoritative
Federal Register document
Machine
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