Withdrawal of outdated and unnecessary Interpretive Rulings and Policy Statements (IRPS).
Category
interpretive
Agency
US National Credit Union Administration
Publication date
1997-09-25
Effective date
1997-09-25
Abstract
NCUA is withdrawing several of its Interpretative Rulings and Policy Statements (IRPS) that have become outdated or unnecessary or have been superseded by other IRPS or NCUA regulations. This is the first step in NCUA's ongoing project to update and streamline its IRPS. The intended purpose of withdrawing these IRPS is to ease the compliance burden on federally chartered and federally insured credit unions and provide more valuable guidance by eliminating IRPS that no longer effectively advance NCUA's regulatory goals or statutory responsibilities.