Leaping ahead to 2020 – Fall rulemaking agendas & exam modernization

As 2019 winds down, many are already looking ahead to next year including the key federal regulators that issue rules impacting credit unions. Two times a year, the Office of Management and Budget, Office of Information and Regulatory Affairs issues a unified agenda from various federal regulators. The most recent versions were published in November 2019 and give us a look ahead to what agencies like NCUA and the CFPB will be working on in the coming months.

NCUA

NCUA has several proposed and final rules on its agenda. Some address issues stemming from the agency’s regulatory reform agenda like compensation in connection with loans. Other agenda items tackle challenging capital issues like transitioning to the Current Expected Credit Loss (CECL) methodology and subordinated debt/regulatory capital.

Here is a snapshot of the agenda:

 

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