Federal agencies, including the NCUA and CFPB, released their fall 2022 regulatory agendas Wednesday. There are several NAFCU and credit union advocacy priorities included among the items, some of which have been previously introduced or included on rulemaking agendas.
Here are a few notable items included on the fall agendas; NAFCU will have additional insights available in the NAFCU Networks:
- Automated Valuation Models (AVMs): This interagency proposed rule would implement Dodd-Frank’s four quality control standards for the use of AVMs by mortgage originators and secondary market issuers as part of the process of determining the collateral worth of a mortgage secured by a principal dwelling. This item has been carried over from several previous rulemaking agendas, and more information can be found in NAFCU’s Insights post on the Fall 2021 agenda. NAFCU has asked the NCUA to prioritize its AVM rulemaking.
- Climate-Related Financial Risks: The NCUA is seeking public input on potential climate-related financial risks to federally insured credit unions, related entities, and the National Credit Union Share Insurance Fund (SIF).
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